Gisele Bündchen, Jiu-Jitsu Trainer Joaquim Valente Go Horseback Riding In Costa Rica

Gisele Bündchen and Joaquim Valente were once again spotted together in Costa Rica.

Bündchen, 42, and Valente, 34, were photographed riding horses together Tuesday during their latest getaway.

In photos obtained by Page Six, the Brazilian supermodel flashed a big smile as she trotted around on horseback alongside her trainer.

She was dressed casually for the outing in a green tank top and jeans. The jiu-jitsu instructor opted for a blue T-shirt, jeans and a baseball hat.

This comes nearly two weeks after Bündchen and Valente were spotted going on a run together in Costa Rica.

For their workout, the model sported an olive green sports bra, matching running shorts and a pair of black sneakers and tied her tresses in a messy updo.

Valente rocked a white T-shirt, athletic shorts and a pair of white sneakers. He had his AirPods on during the run.

The former Victoria's Secret Angel and Valente sparked dating rumors back in November 2022 after they were seen enjoying a dinner date in Costa Rica shortly after her divorce from Tom Brady.

An insider told Page Six at the time that Bündchen appeared to be sending her ex-husband "a message."

"It certainly looks like Gisele is showing off — and showing Tom what he's missing," the unnamed family source told the outlet. "I have to think that Gisele is sending Tom a message."

However, other sources shut down the romance rumors, telling Page Six that the two have a "strictly platonic and professional" relationship. Valente is also her kids' martial arts instructor.

"Joaquim and his two brothers have instructed Gisele and the children in martial arts for the past year and a half," one unnamed insider told the outlet, while a second anonymous source added, "Jordan and Joaquim travel with the family when they're out of town because the kids are homeschooled."

Despite this, Bündchen and Valente's recent sightings continue to fuel the dating rumors.

An insider recently claimed that a relationship is not entirely out of the question for the pair.

"Gisele adores and trusts [Joaquim] and has been spending a lot of time with him, but I don't think it's a traditional dating scenario," the unnamed source told People. "They have a deep personal relationship, and he is a teacher to her and the kids. Whether or not it will ever become more than that rests on the table."

Bündchen and Brady finalized their divorce in October 2022. They share two children — son Benjamin, 13, and daughter Vivian, 10. The NFL superstar is also a dad to Jack, 15, whom he shares with ex-girlfriend Bridget Moynahan.