Marc Malkin

EXCLUSIVE: Read it here first...

Hugh Hefner: Relationships "In Transition"

Holly Madison, Hugh Hefner, Bridget Marquardt, Kendra Wilkinson Eric Charbonneau / Getty Images

Rumors of Hugh Hefner and his girls calling it quits have been greatly exaggerated.

The Playboy captain just told me that he is very much still dating Holly Madison, Kendra Wilkinson and Bridget Marquardt.

"The reality is the girls and I are all together," Hefner said.

He quickly shot down reports that Madison has been seeing Mindfreak illusionist Criss Angel.

"Holly shares my bed on a nightly basis," Hef said.

And Hef had a lot more to say...

Hefner does acknowledge that the relationships are "in transition."

"Are there going to be changes in the relationships, I'm sure there are going to be," Hefner said. "I think that in the future, the girls are going to, in time, be dating others and moving out of the mansion, and when that happens we will not be keeping it a secret," Hefner said.

He says he's not surprised by the constant gossip and false rumors because the girls have become celebrities in their own right because of the success of E!'s The Girls Next Door.

Season five premieres Oct. 5, and Hef and the girls have committed to a season six if there is one.

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