The latest rumor on Miranda Kerr dating James Packer appears to be bleak as Orlando Bloom's wife is reportedly spending time with millionaire Steve Bing, the father of English actress Elizabeth Hurley's son.

According to the report from MailOnline, Miranda Kerr was allegedly seen on Saturday evening with Steve Bing, "thought to be worth an estimated $600 million," in Malibu.

The report came on the wake of the reports that Miranda Kerr was dating James Packer as she was seen boarding his super yacht in Spain last August with her son, Flynn.

"The 31-year-old brunette beauty was pictured entering a mansion situated on Carbon Beach at around 6pm, holding her three-year-old in her arms," the article noted. "Looking flawless in a pair of her signature skinny jeans, a black tank top and black flats, she was accompanied by an assistant and a nanny."

One source told the British tabloid that Miranda Kerr was attending a birthday party in Malibu and Steve Bing was also a guest.

James Packer reportedly came into the life of the supermodel after her marriage to Orlando Bloom fell apart. Their romance reportedly started when the casino mogul split with his wife, model Erica Baxter, in September last year after six years of marriage.

Billioniare James Packer and Erica Baxter have thee kids together. Miranda Kerr, meanwhile, has a son, Flynn, with her former husband.

Both Orlando Bloom and Miranda Kerr, however, make it a point to be civil and even friendly toward each other for the sake of their son.

However, in an interview with The Sunday Times Style magazine, the supermodel dismissed the Miranda Kerr dating James Packer reports.

Miranda Kerr also denied that she was the cause of the public fisticuffs between the Australian billionaire and his friend David Gyngell, the Channel Nine CEO, last June. "They weren't fighting over me," she said.