Pair said to have been on several dates

Elle Macpherson has sparked speculation she’s seeing businessman Jeff Soffer.

The model, 45, was snapped hugging the American property investor at a racing event last week.

‘They met in November and have seen each other several times since,’ a source tells the Mail On Sunday.

‘Their friendship seemed to fade for a while but recently picked up again.’

Elle has kids Flynn, 11, and Aurelius Cy, 6, with ex Arpad Busson, 46.

Jeff Soffer | Jeff Soffer at the Fontainebleau Miami Beach Resort Grand Opening Gala | Now Magazine