Don’t place your bets on Glen Powell and Olivia Jade Giannulli becoming Hollywood’s hot new couple.

“They are close friends and are not dating,” a source close to Giannulli, 25, exclusively shared with Us Weekly on Monday, September 8. “They have been friends for several years.”

According to the insider, the two stars met due to their individual connections to the hit show Full House, and have simply become good friends since.

“Glen is super close with John Stamos, who is close with [Olivia’s mom] Lori [Laughlin], and they are all family friends and run in the same circle,” the source explained. “Olivia isn’t dating at the moment and is enjoying the single life and having fun. She is now living in New York City and is enjoying new experiences.”

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