AceShowbiz -

"High School Musical" lead Zac Efron and "Mirror Mirror" beauty Lily Collins continue to spark rumors of a budding romance after they were spotted holding hands while strolling around Disneyland on Tuesday night, October 22. Just recently, the 26-year-old heartthrob and the 24-year-old English actress were seen together going out for a movie in Hollywood.

An insider from Collins' camp says the two are "not dating" and are just "hanging out," but the beautiful pair's actions appear to "speak louder than words," not to mention multiple other sources saying they are indeed seeing each other, but that the relationship is not yet that serious. Should they admit to the dating rumors, it would be a reunion of sorts, since they have dated once before. They split back in June 2012 without actually confirming that they officially were a couple.

"They were never really together, so you could say they split, but they were never an official couple. They hung out a bit, but it was super casual," a source explained the set-up between the two when they started going out in February last year.

Apart from being linked to Collins, Efron was more popularly associated with his "High School Musical" co-star Vanessa Hudgens whom he dated for three years before they broke up in December 2010.