Kate Hudson may be giving Owen Wilson another shot at love, according to new reports and spottings of the two reuniting in Pacific Palisades this week.

At least, that's the buzz in Owen's camp: "They are hooking up," an insider tells Us Weekly. "They have definitely been talking, hanging out and, yes, hooking up."

But according to a Hudson source, Kate's got someone else at the forefront of her mind: Justin Timberlake.

"It's not constant and very casual," a Hudson insider says of the ongoing flirtation between the Fool's Gold actress and Mr. Sexyback, which may have sparked just before Justin's split from Cameron Diaz last January.

It was at Kate's '07 New Years party that she and Justin first turned heads. Rather than ringing in the New Year with his girlfriend, it seems Justin was getting a taste of the single life and playing the role of Kate's very special guest of honor, according to a report from E!Online:

"J.T. was at Kate Hudson's party at her L.A.-area home. I just learned that Timberlake and Hudson left many with raised eyebrows because they appeared to be quite, um, chummy. 'They were flirting and talking all night,' a source tells me.

At one point they were seen going upstairs together. 'When Kate came back, she was wearing a different outfit,' my source says.

I'm told that as the party died down, Timberlake stayed put. 'He didn't look like he was going to be leaving anytime soon,' my source says.

That Justin would have cheated on Cameron, who knows - I doubt it, unless he wanted to become the world's biggest hypocrite (Hint: remember "Cry me a River"?). But a mostly innocent flirtation between the SNL frequenter and fellow goofball Kate? Toooootally.

Well, it seems their unconsummated love affair may have reached another climax, according to a NY Daily News report that Kate has been "texting Justin nonstop."

But hedge your bets, because Kate is also being linked to Elisabeth Hasselbeck's husband, Arizona quarterback Tim Hasselbeck. And let's not forget about Jessica Biel, who some reports say Justin is so smitten with that he's bound to pop the question any day.

Then again, isn't that what people were saying about Justin and Cameron right before their split?!