James Packer and Miranda Kerr an item

DATING: ls Miranda Kerr over Orlando Bloom already?
DATING: ls Miranda Kerr over Orlando Bloom already?

Barely three months after James Packer ended his six-year marriage to the mother of his three children, former model Erica, the billionaire casino mogul has reportedly embarked on a new relationship with another beauty who also hails from the same country town as his ex wife: supermodel Miranda Kerr.

Australia's Woman's Day magazine, which was once owned by the Packer family, claims Packer, 46, and Kerr, 30, are now in a serious romantic relationship.

On the magazine's latest cover are images of Packer and Kerr, digitally manipulated to appear together, with a headline boldly proclaiming "Head over Heels: The Billionaire, The Supermodel and Their Red Hot Romance".

Neither Packer nor Kerr have denied the report nearly a week after first being approached by reporters.

It is understood the status of their relationship, said to still be in its very early stages after a long friendship, is a sensitive matter given their recent marriage breakdowns.

Packer and Kerr, who was married for three years to the actor Orlando Bloom and with whom she has a 2-year-old son Flynn, announced their marriages had come to an end just 45 days apart.

Both the Packers are long term friends of Kerr and Bloom, their respective families holidaying together at luxury resorts in Tahiti last year, just months before their marriages broke down.

They were also known to mix in the same circles in Los Angeles in more recent months.

Kerr and Erica Packer both grew up in Gunnedah, in north-west NSW. James Packer provided Kerr with business advice when she launched a range of beauty products several years ago.

Both women follow a long line of brunette beauties who Packer has courted over the years, including model Jennifer Flavin, former fiancee Kate Fischer and his first wife, bikini model Jodhi Meares.

Last month his now second ex-wife, Erica, featured on the cover of Vogue Australia.

She returned briefly to Sydney from Los Angeles, where she has been living for the past six months, to launch the issue.

While she discussed her marriage breakdown she did not divulge the specific reasons why it had come to such an abrupt end, just weeks before the first birthday of their youngest child, daughter Emmanuelle.

BUSINESS TIME?: James Packer recently split from his wife.
BUSINESS TIME?: James Packer recently split from his wife.

Sydney Morning Herald