Love blooms for Orlando and Liv

Orlando Bloom and Liv Tyler in New York. Picture: FilmMagic

Days after it has emerged Miranda Kerr has landed herself a new billionaire beau, her estranged husband Orlando Bloom appears to have also moved on.

Reports have emerged that Bloom is romancing his Lord of the Rings co-star Liv Tyler, 36.

The 36-year-old British actor reportedly was very close with the actress at an after party on the premiere night of Broadway play Waiting for Godot last month.

'When they got behind closed doors, they were playfully tickling, gazing into each other's eyes and holding hands,' a source at the bash told US Star magazine.

The insider claims the Pirates of the Caribbean star and the Aussie model are doing their best not to rub it in each other's faces publicly following news Kerr has moved on to new romantic relationship with Aussie billionaire James Packer, who recently split from his second wife.

The insider added: "Miranda and Orlando are trying not to cause a scene with other people out of respect for each other."

Only this week Bloom stated that he and Kerr, who he was married to for three years, were doing their best to keep things amicable for the sake of their son Flynn, who is three next month.

"We're a family and we'll always love each other and we're going to be in each other's lives," he said at The Hobbit: The Desolation of Smaug premiere this week.

"What [Flynn] reads and knows about when he's a grown up is more important to me than anything…We both love and cherish each other and then our boy so it's great."

Bloom, and Kerr called time on their marriage in October.

Neither Bloom or Tyler or Kerr or Packer have commented on the claims.