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Are Gossip Girl co-stars, childhood friends and former lovebirds Blake Lively and Penn Badgely back together after their unexpected breakup?

The adorable pair split last year after three years together, but it seems as though working closely together has rekindled this old flame.

According to celebrity gossip stalwart Perez Hilton, the gorgeous former couple were spotted “holding hands” at Coachella last weekend.

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Blake has been linked to Ryan Gosling since splitting with Penn, but there was nothing serious about those rumors. So we’ll see …

It’s unclear if Dan and Serena will also get back together on Gossip Girl.