Olivia Culpo and Christian McCaffrey’s rumored new romance is sizzling south of the border.

Earlier this week, the Sports Illustrated Swimsuit stunner and the Carolina Panthers running back were spotted in Mexico. Joined by Culpo’s friend Kristen Louelle and her husband, Tyler Gaffney, the former Miss Universe soaked up the sun with her NFL beau as they held hands at their resort.

“Olivia and Christian planned a getaway to Cabo for a few days with their two friends Kristen and Tyler, who actually were the ones that set them up. They had met before in previous social settings, but reconnected recently,” an insider recently told E! News.

First linked in May, Culpo, 27, who split from Detroit Lions wide receiver Danny Amendola last fall, has recently been spending time with McCaffrey, 23.

“They have been texting nonstop since the beginning of last month, and this is the first vacation they have spent together. They have really hit it off and are into each other,” the source also shared.

As for the future, it appears Culpo and McCaffrey are simply enjoying the moment.

“Christian and Olivia are having a lot of fun together, but their relationship isn’t serious yet. They only connected less than a month ago, but definitely are having fun,” the insider said.

McCaffrey, who is entering his third year with the Panthers, is set to report to training camp at the end of the month. He finished his second season with over 1,000 rushing yards, 107 catches and 13 total touchdowns.