updated 03/10/2011 AT 2:00 PM ET
•originally published 03/10/2011 AT 3:15 PM ET
Is newly single Ashlee Simpson already moving on?
But a source close to the singer/actress says reports of a budding romance with Owens, 26, – who is signed to Wentz’s Decaydance Records – are just not true.
“Craig is a longtime friend and was comforting Ashlee during this difficult time,” the Simpson source tells PEOPLE. “She’s not moving on. There’s no race for a new relationship. They’re friends.”