Not so, says a source close to the Hunger Games star.
Reports surfaced that the actor was smitten with the brunette beauty during a bowling outing in Los Angeles earlier this week.
But things aren't always what they seem…
"[It's] ridiculous," the source explained to E! News. "They were bowling with a large group of friends and Josh is dating Claudia [Traisac]. Any insinuation of a romance with Lily is simply untrue."
Hutcherson first stepped out with Traisac over the summer and displayed some serious PDA.
But it looks like Lily has her eyes on another young Hollywood heartthrob at the moment, Zac Efron!
The two were spotted holding hands at Disneyland a few weeks ago and seemed to be enjoying their one-on-one time away from the limelight—that is, until a fan snapped a shot of them strolling through the amusement park and meeting Micky Mouse and friends.
The two stars fueled romance rumors as they paraded around the Happiest Place on Earth by each other's sides.
But don't start coming up with nicknames for the adorable couple just yet.
Multiple sources tell E! News that the pretty pair are dating but add that they don't know how serious their relationship is.
Another source close to Collins' camp insists that the two stars are just "hanging out" and "not dating."
You know what they say…slow and steady wins the race!