The singer is said to be dating billionaire Phillip Sarofim, the son of Texas billionaire Fayez Sarofim.
E! News reported this week that the couple's “relationship is very new” and they have only been dating “for two to three months.”
Lavigne, 33, and the fund manager were spotted hanging out in Los Angeles recently, but reportedly go back and forth to each other’s home bases.
Lavigne was previously married to Chad Kroeger from 2013–2015 and Sum 41 musician Deryck Whibley from 2006–2010.