updated 12/04/2013 AT 3:00 PM ET
•originally published 12/05/2013 AT 2:00 PM ET
One of Australia’s most eligible bachelors may now be off the market … courtesy of Miranda Kerr.
Packer, 46, is a casino mogul and an insider tells PEOPLE he and Kerr, 30, “are definitely seeing each other.” (Though a Kerr source says the two are strictly friends.)
In September, Packer announced that he had separated from his wife, Erica Baxter. The two were married in 2007 in a lavish ceremony on the French Riviera. They have three children: Indigo, 5, Jackson Lloyd, 3, and 15-month-old Emmanuelle Sheelah.
A source close to the mogul confirms that he met Kerr two years ago when she asked Packer for business advice. They became friends and the two vacationed with their respective families in Bora Bora together last year. Now their friendship may have been taken to the next level. Here are five things to know about Miranda Kerr’s rumored new man …
1. He had a hand in one of this year’s biggest hit movies
Packer is a producing partner in this year’s blockbuster Gravity. He recently embarked on a business venture with Hollywood movie financing company RatPac-Dune Entertainment agreeing to fund up to 75 films with Warner Bros. The venture’s first movie was the George Clooney and Sandra Bullock hit.
2. He’s friends with Tom Cruise
Packer enjoys a close friendship with Tom Cruise. In an interview on Australia’s Seven network, Packer said that he was at an all-time low in 2002 after a failed business venture when Cruise reached out to the mogul. “I had met him only once or twice and he was in Australia and we got together,” Packer said. “I think that he could tell that I was in pain and he invited me to his house to go skiing with him.” In 2006, Packer attended Cruise and Katie Holmes’s wedding, and Cruise was there in 2007 when Packer tied the knot with Erica. “I just think he’s a very special person,” Packer has said of his famous friend.