Source: Madonna to "Debut" Jesus Luz at the Oscars

Forget diamonds, dresses, handbags and other celebrity fashion staples.

Madonna will have a different kind of accessory on her person for this year's Academy Awards, according to reports - 22-year old boyfriend Jesus Luz!

“Madonna and Jesus have spent all week planning their outfits for Oscar night,” a pal tells OK! “Madonna is planning on using the Vanity Fair party to introduce him to the world as her new boyfriend, and wants everything to be perfect!"

So why all the fuss if Jesus Luz is just a fling?

It seems as if Madonna - who divorced Guy Ritchie last year amid rumors of an affair with Alex Rodriguez - is getting pretty serious about her latest conquest.

"She’ll put to rest any rumor that Jesus was ‘just a model’ she met during that racy W photo shoot," the source adds. "Madonna and Jesus’ romance is real.”

Click to enlarge more pics of Madonna exiting a New York restaurant with Jesus Luz recently, accompanied by kids Lourdes and David Banda (not pictured) ...

[Photo Credits: Splash News Online]