Paparazzi photos of Gisele Bündchen and her alleged new beau Joaquim Valente are circulating online, adding more fuel to the romance rumors. So, what's the real deal between the two?

Bündchen and Valente were spotted together again in Costa Rica on Monday, March 13. The two were on a stroll with a male friend and two dogs.

The pair looked casual, with the supermodel wearing a brown bikini top paired with a tan coverup, giving a glimpse of her toned abs. Alternatively, the jiu-jitsu instructor wore a navy-blue T-shirt and green shorts.

The two have yet to confirm if they're dating, and the former Victoria's Secret Angel's rep has yet to return Page Six's request for comment. However, it can't be denied that they have been together several times since her divorce from Tom Brady in 2022 after a 13-year marriage.

Bündchen and Valente were first seen together eating with her two kids, Benjamin and Vivian, who she shares with Brady, in Provincia de Puntarenas, Costa Rica. But insiders shut down any romantic relationship between the two, stressing Valente and his two brothers only worked as the fashion model and her kids' martial instructors for the past year and a half.

Hence, their relationship is simply "platonic and professional." The 42-year-old also told Dust Magazine last year that she only knew Valente after signing her son up for lessons, which she eventually fell in love with.

Everything changed when she brought Benjamin into his first class and started talking with Valente, realizing jiu-jitsu was more than just self-defense. An insider allegedly close to Bündchen also told People that she and Valente were "getting along very well."

The source claimed Bündchen adored and trusted Valente and had been spending a lot of time with him. Allegedly, their relationship isn't a "traditional dating scenario." The tipster explained that they have a "deep personal relationship," as he serves as a teacher to her and her kids.

So, if it becomes more than that, what happens next remains to be seen. Anyhow, a different source said, via HollywoodLife, that the Brazilian beauty is more focused on her kids, health, and work.

The insider alleged Bündchen is excited and hopeful about the year that comes, calling the previous year "rough" after her divorce from Brady. Despite that, she's still confident that things will keep going up from here, has no regrets, and wishes her ex-husband the best, hoping their divorce is the right thing to do.