updated 01/03/2011 AT 3:00 PM ET
•originally published 01/03/2011 AT 3:50 PM ET
“A group of old friends that included Ryan and Sandra spent New Year’s together at Sandra’s restaurant Bess Bistro,” her rep tells PEOPLE. “They all had a great time ringing in the New Year as they have in the past … as nothing more than friends.”
Despite speculation, a source close to Reynolds, 34, echoes the sentiment that there’s nothing romantic in real life between the on-screen lovebirds, who starred in The Proposal together.