Are they, or aren't they? That's what everyone seems to be asking these days, as rumors have been swirling that Kendall Jenner is dating chart topper Nick Jonas. Now, Nick himself is finally opening up about all the speculation while setting the record straight.

Kendall Jenner News 2015: Is The Model Now Dating Nick Jonas?

According to OK! Magazine, even though Kendall and Nick share the same circle of friends, they are not dating - yet. There was a rumor that said Kendall's best friend Gigi Hadid hooked the two up together since she is dating Nick's brother Joe Jonas, but according to Nick himself, he simply says, "We're not dating."

Although they are not hooking up, Nick did say, "Kendall is great and naturally with her being good friends with Gigi and with Joe and Gigi dating, there are times we'll be in the same place and we all hang out."

Kendall Jenner News 2015: Reality Star Opens Up About Feeling Like The 'Luckiest' Model In The World

With that being said, Nick added that he wants to keep his relationships with the opposite sex "light and casual" for now.

According to OK! Magazine last Thursday, there is speculation that the "Jealous" singer is using the reality television star to help increase album sales.

"Nick and Kendall aren't serious," a source said. "Nick likes her and thinks she's beautiful, but he's looking at this as more of a business gain."

The singer just released his latest single, "Under You," and hopes the tabloid fodder about him and Jenner "will give his name and sales the boost he wants," according to the insider.