The "Alone" actor, who finally got a divorce from his second wife and TV actress Jennifer Winget earlier this week, took to Instagram to share a photograph of himself with the "Jism" actress.
The two were smiling at the camera. Karan is seen topless, while Bipasha sports a teal blue coloured bikini.
"You make everything beautiful," Karan captioned the image on Thursday, indirectly confirming that the two are more than friends.
On the professional front, Karan, who was last seen in "Hate Story 3" will next be seen in "3 Dev", while the "Aatma" actress was last seen in the 2015 film "Alone". She currently has no films in her kitty.
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