This week there were reports that the former couple – who ended their engagement in the fall of 2013 – are spending more time together and potentially rekindling their rocky romance. But a source tells PEOPLE they are simply exes on good terms with one another.
"Miley and Liam are friendly, but they are not seeing each other," the source says.
However Cyrus, 22, and Hemsworth, 25, do occasionally touch base.
"They bump into each other around L.A. and socialize," says the source.
"They also keep in contact via texts, but nothing more is going on."
The "Wrecking Ball" singer has kept busy since her split in April from Patrick Schwarzenegger after five months of dating, spending time in the recording studio and hanging out with friends.
"She is totally fine with being single now," a source told PEOPLE at the time, noting that Cyrus does want to be in a "serious relationship."