Leonardo DiCaprio was spotted partying with a group of stunning models, fueling speculation that he is dating Victoria’s Secret supermodel Gigi Hadid.

On Tuesday, the 48-year-old Hollywood icon partied the night away at a star-studded event honouring Stone Island’s 40th anniversary.

Leonardo allegedly arrived at the event shortly after midnight and proceeded to the VIP section, where he joined a private table occupied by several stunning models and close friends.

The Titanic star is said to have arrived wearing a black baseball cap and a casual T-shirt, as well as a facemask to conceal his identity.

“He was chit-chatting with the lovely ladies at his table.”

“People in the VIP area were hovering and trying to get close to Leo,” a PageSix source said.

According to the publication, the actor wore earplugs while listening to Jamie XX’s DJ set until he left around 2 a.m.

His rumoured girlfriend Gigi, 27, was said to have skipped the event.

Leonardo and Gigi have been spotted together at a number of events in recent months, but neither star has confirmed whether or not they are dating.

Leo, who has never publicly dated a woman over the age of 25, appears to have turned a new leaf with model and mother-of-one Gigi.

According to a source close to the couple, while they are now dating, they are still ‘taking it slow’ and are hanging out both as a couple and in groups.

They went on: “DiCaprio does not go in and out of relationships. He doesn’t go around hooking up with random people. They’re taking their time.”

After four years together, Leo and Camila Morrone, 25, divorced this summer.

Gigi, meanwhile, has been single since her divorce from former One Direction member Zayn Malik last year.