"Gigi and Leo are having a lot of fun right now," the insider shares with E! News. "They have been trying to stay low-key and private and she has been enjoying the time they have been spending together."
Adds the source, "Gigi is grateful he came into her life during this time and has said it's exactly what she needed. Leo is very laidback and she likes that their relationship is casual and easy. It's going well so far."
Gigi and Leo ignited relationship speculation over the summer following his split from girlfriend Camila Morrone. However, as a separate source close to the Titanic alum told E! News in September, "He's enjoying being single," and noted the two are "not exclusive."
A second source close to Gigi also echoed that "neither of them want a relationship" at the moment.
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Regardless of labels, it seems the duo is enjoying their time together. As another source close to the Wolf of Wall Street star told E! News last month, "They have hung out several times and he is interested."
E! News has reached out to reps for Gigi and Leo and hasn't received a comment. Both stars have yet to publicly addresses their status.