The musician - who has previously been romantically linked to Jessica Simpson and Cameron Diaz - was seen flirting with stunning Nicole at Los Angeles nightclub Villa last week.
A club insider said: "They were chatting and getting really close - she was into it. They left within minutes of each other."
A representative for John had "no comment" on the new relationship.
Notorious US gossip blogger Perez Hilton recently claimed John is bisexual.
Perez - real name Mario Lavandeira - alleged he had kissed John at a New York nightclub last year.
Following the incident, Perez said: "He is definitely bisexual, but he is struggling with his sexuality. He kissed me, and I kissed him back. It was on the mouth with tongue. I thought he was messing with me. Then he kept going and going."
[Source]
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