Katie Holmes and Hugh Jackman sparked dating speculation after being seen together one night at the theater. The two Hollywood stars have been acquaintances on the New York social scene for years, but no one has seen sparks fly like they did recently during the intermission of a Broadway plan in the Big Apple.

The famous duo arrived separately at Studio 54 for the final performance of “Alan Cumming Is Not Acting His Age” but did not catch up until the interval when onlookers say the pair made a beeline for one another.

“It was electric! They greeted each other like old friends and appeareed to have lots to talk about. They’re both obsessed eith theater, so it’s understandable, but this is the first time they’ve seen each other since his divorce, so they were flirting big time. Hugh had twinkle in his eye for the rest of the night after they promised to meet up again soon,” an unnamed source told Woman’s Day Australia.

“They’d make an amazing couple—everyone in that room went home that night thinking they’d seen the birth of a new power couple,” the insider continued.

Hugh and Katie have known each other for years, but sources suggest Tom Cruise’s third wife got to know the Aussie hunk and his then-wife, Deborra-lee Furness, in 2019 when they spoke at the launch of Global Goal Live.

In September, PEOPLE reported that Hugh and Deborah amicably ended their marriage after 27 years. "We have been blessed to share almost 3 decades together as husband and wife in a wonderful, loving marriage. Our journey now is shifting and we have decided to separate to pursue our individual growth," the former lovebirds wrote in a statement.

"Our family has been and always will be our highest priority. We undertake this next chapter with gratitude, love, and kindness. We greatly appreciate your understanding in respecting our privacy as our family navigates this transition in all of our lives," it furthered.

After meeting on the set of the Australian TV series Corelli in 1995, the co-stars quickly fell in love. Deb, an established actress, and Hugh, a recent drama school graduate, married less than a year later. They married on April 11, 1996, and have become one of Hollywood's most beloved couples.

“Deb, she was a big star…I get picked up, and Deb is in the front seat of the car. I’ll never forget,” Hugh told PEOPLE in 2017 of their first meeting. “She took off her seatbelt and she turned around and put out her hand and took off her sunglasses and said, ‘Hi, I’m Deborra-lee Furness, nice to meet you.’ I remember thinking, ‘I like this girl.’”

On their 27th wedding anniversary in April 2023, the Greatest Showman star posted a loving nod to Deb, 67, and their bond on Instagram, saying, in part, "I love you so much. Together we have created a beautiful family and life. Your laughter, spirit, generosity, humor, cheekiness, courage, and loyalty is an incredible gift to me."

Their most recent red carpet appearance was at the Met Gala on May 1, 2023, followed by the Wimbledon men's final in July of the same year.

“Hugh and Deb have always admired Katie,” a tipster claimed. As close friends of Nicole Kidman, they have nothing but respect for her, so it’s no surprise to see Hugh being friendly with Katie. They have a lot in common—from kids the same age to the theater and now divorce—but the fact that even his ex-wife likes her is a huge bonus,” the tipster furthered.

“Katie absolutely adores Hugh and would climb over rocks to date him. He’ll already have her numbeer from hat talk five years ago, so there’s nothing topping him, but she knows how raw things can be after a divorce, so she’s letting him take charge and giving him the space and time he needs,” a close pal of Katie stated.

“She doesn’t want to be someone’s rebound, but she’s more than happy to be a supportive friend to Hugh while he’s going through this, and if at some point down the line, things get more interesting, Katie will be ecstatic,” the same insider continued.

While it is not impossible for Katie Holmes and Hugh Jackman to catch feelings for each other, especially now that they are both single, it is important to note that neither of them has confirmed these dating speculations as of this writing. So, avid fans of the two Hollywood stars must take all these unverified claims with a pinch of salt until everything is proven true and correct.