Lingerie supermodel Miranda Kerr new love for Packer

BARELY three months after James Packer ended his six-year marriage to the mother of his three children, former model Erica, the billionaire casino mogul has reportedly embarked on a new relationship with another beauty who also hails from the same country town as his ex wife: supermodel Miranda Kerr.

On Monday morning Woman's Day magazine, which was once owned by the Packer family, is set to publish claims Packer, 46, and Kerr, 30, are now in a serious romantic relationship.

On the magazine's cover are images of Packer and Kerr, digitally manipulated to appear together, with a headline boldly proclaiming ''Head over Heels: The Billionaire, The Supermodel and Their Red Hot Romance''.

It is understood the status of their relationship, said to still be in its very early stages after a long friendship, is a sensitive matter given their recent marriage breakdowns.

Packer and Kerr, who was married for three years to the actor Orlando Bloom and with whom she has a 2-year-old son Flynn, announced their marriages had come to an end just 45 days apart.

More on this story at Brisbanetimes.com.au