Leonardo DiCaprio, Nina Agdal having fast fling

Oscar-winning actor Leonardo DiCaprio and model Nina Agdal are hooking up casually .

The 41-year-old 'The Revenant' star and the supermodel, 24, are not planning on settling down, reported People magazine.


"I don't think it's any more than a fast fling," a source said.

The duo recently vacationed together with friends on the private Bahamian island Over Yonder Cay. They were also spotted together on a weekend getaway in Montauk, New York, in June.

The two were also recently spotted partying together at the Up & Down club in

New York City

.