The rumours started after Kelly shared this photo of herself having drinks with a mystery man who was wearing beaded bracelets, similar to those worn by Jay in the past.
After the post racked up over 4,000 comments from people accusing Kelly of being "shady" and "thirsty" by sharing it, an insider denied that it was Jay in the image.
"This is 100 percent not Jay," the insider told E! "This is Kelly seeking attention. That's all this is. It's very sad that she felt the need to do this for some followers."