Brad & Emily's HOT NEW Romance

It’s on! Model-actress Emily Ratajkowski rebounds with none other than Brad Pitt

The ring was off. When Emily Ratajkowski was photographed taking her son, Sylvester, 1, on a walk in NYC on July 14, she wasn't wearing her wedding band. One day later, In Touch revealed why: The model-actress and her husband of four years, Sebastian Bear-McClard, had quietly separated amid claims the film producer had repeatedly been unfaithful. Nearly two months later, as the gossip continued to swirl, Emily finally publicly acknowledged their split in a video she posted on social media, calling herself "a recently single person who is thinking about dating and stuff."

She's doing more than just thinking about it. Emily has been dulling the pain of her divorce she filed in September - by spending time with a new man - Brad Pitt! "She's bouncing back," says a source, noting that Emily took the initiative and has now been dating the Oscar winner for six weeks. "She begged a mutual friend to set them up, and making the first move paid off. Brad left their first date completely smitten with Emily."

$40 MILLION LOVE NEST

This summer, Brad spent $40 million on this sandstone and granite home commissioned by author D.L. James in 1928. "It's a place I have been in love with since the '90s. I couldn't pass it up," the architecture buff said of the Carmel, Calif., property that overlooks the Pacific Ocean.

UNDER THE RADAR