On Saturday, fans got whirled up after the 22-year-old Australian singer posted a photo of him and Cyrus on his Instagram Story. In the black-and-white pic, a shirtless Simpson kisses Cyrus on the head and writes, "pre swim breakfast courtesy of baby." The "Nothing Breaks Like a Heart" singer is making a scrunched up face and wears a plain white tee in the snap.
Meanwhile, hours later, Cyrus couldn't help but hilariously poke fun at Simpson for calling her the sweet nickname. Simply writing, "BABY," the blonde beauty shared a photo of herself on her Instagram Story.
She then posted a photo of herself as a child, as well as a side-by-side of her as a tot and now.
"Miley and Cody have been friends for years. They have hooked up in the past," the source said. "Cody and Miley have no plans to start dating each other exclusively. They both just want to have fun and are open and honest with each other about that."
The source added that "Miley and Cody talk to each other about everything. They are very close and feel comfortable sharing details with each other about their lives. Cody’s friends would describe him as a 'player.' He adores Miley, but isn’t looking for a lifetime partner or even a girlfriend at the moment."
After joking about the recent relationship speculation about her and Simpson, Cyrus shared a lengthy statement about being an adult and making her own decisions about relationships, and how women get treated differently than men when it comes to dating after a breakup.