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Spotted: Ashlee Simpson’s Babe In Arms – Bronx

04/08/2011 at 01:00 PM ET
Donato Sardella/WireImage

It’s a match for Ashlee Simpson and her 2-year-old son Bronx Mowgli, who make a color-coordinated entrance to celebrate the launch of Lucky Kids magazine in Hollywood on Thursday.

Despite holding hands with estranged husband Pete Wentz last week, “this is not a sign that they are getting back together,” a source tells PEOPLE.

“They both care about each other tremendously. They both love Bronx very much, and Ashlee has always called Pete her best friend. They are in the middle of still trying to figure this out.”

RELATED: Spotted: Ashlee Simpson and Bronx Book It

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