A source familiar with the situation tells ET that the stars are not currently dating, but that they are still on good terms with one another.
"They’re still friendly but are not on romantic terms," the source says.
Beckinsale and Davidson had been getting a lot of attention over their multiple public lip-locking moments, after first sparking romance rumors at a Golden Globes party in January.
Back in March, Beckinsale briefly addressed their whirlwind romance in an interview with the Los Angeles Times, where she addressed the media scrutiny that comes with dating someone like the Saturday Night Live star.
"I've never been in this position before," Beckinsale admitted. "Never dated anybody who comes with their own bag of mischief."
For more on the pair's short-lived romance, check out the video below.