It's believed that they're finally able to come out about their relationship because five years have passed since Holmes' sudden but tumultuous divorce from mega-star Tom Cruise.
Tom Cruise and Jamie Foxx have worked together in the past on Collateral, which was released in 2004, before the Top Gun actor had married Ms Holmes. They held hands as they walked on the beach and seemed really relaxed and playful.
Foxx, 49, refused to comment when asked by reporters on Wednesday. In 2015, Foxx denied by saying that they are simply hanging out together because of a project they were involved in.
A year after the split, Katie and Jamie were photographed flirting and dancing together at a charity bash in The Hamptons.
If Cruise is insane enough to ban Holmes from having a boyfriend (which, let's face it, he probably is), I think she deserves a round of applause for cashing out AND landing a hottie like Foxx. Their reps have been denying the rumors and the pair was never seen in public together until last Monday. Hello Katie and Jamie. Rumour mills began speculating that Holmes was dating Foxx a year after Holmes and Cruise separated in 2012. The deal was part of their divorce's settlement in 2012 or the so-called "Tom Cruise Clause".
Ray actor Foxx had previously dismissed reports he was dating the Dawson's Creek star, calling the claims "fake news" and "hilarious".
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