New Couple Alert: Are Kim Kardashian & Kanye West Dating?

The rapper, who was spotted out with Kim in N.Y.C. on Wednesday, seemingly confesses his love for her in his new single "Theraflu"

It seems like Kanye West is ready to reveal the new love in his life -- and that Kim Kardashian is ready to get back in the dating game. That's right, the couple, who have been friends for years, are reportedly giving romance a go.

TMZ first broke the news, citing sources who said Kim and Kanye's relationship was "just starting."

A "source close to the situation" tells People the very same thing, adding that the pair are keeping things "light" for the time being and "seeing where it goes."

Rumors first sparked that West, 34, and Kardashian, 31, were dating when she attended his Paris Fashion Week show in March. But the status of their relationship didn't really become clear until Wednesday.

First, West dropped his new single "Theraflu" online, and in it seemingly confessed his love for Kim. Then, later that night, the duo were spotted attending a New York City screening of The Hunger Games. And Thursday morning Kim was photographed leaving Kanye's apartment in the same outfit she wore the night before!

But it's the lyrics to "Theraflu" that really offer an insight into the couple's budding romance. "And I admit I fell in love with Kim 'round the same time she fell in love with him," West raps in the song. "That's cool, babygirl, do your thing. Lucky I ain't had Jay drop him from the team."

The "drop him from the team" comment is a dig at Kardashian's ex, Kris Humphries. Humphries plays on the New Jersey Nets, the same team that West's close friend Jay-Z owns. Ouch.

When Ryan Seacrest asked Kardashian in March if she and West were an item, she denied the relationship.

"I'm really not dating right now at all," she said. "I'm really just focusing on work. I know I always say this, but I'm trying to just get through my situation and just have fun."

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