Actor Orlando Bloom has reportedly moved into a multi-million dollar bachelor pad following his split from fiancée Katy Perry.

The 48-year-old Lord of the Rings star and the 40-year-old pop star shocked fans in early July when they ended their engagement after nearly 10 years together, during which time they welcomed their four-year-old daughter, Daisy Dove.

While Perry has already ended her brief relationship with former Canadian Prime Minister Justin Trudeau, Bloom has been busy looking at real estate and has now moved into a luxurious mansion.

According to The Sun, Bloom has reportedly moved to Miami and is renting a seaside bachelor pad worth $17.5 million that the outlet's sources say "screams, 'I’m filthy rich and single.'"

"The house is a proper bachelor pad and perfect for parties and entertaining," the source added before pointing out that the Pirates Of The Caribbean actor now lives near other celebrities, including Kourtney Kardashian and her husband Travis Barker, and Ashton Kutcher and Mila Kunis.

Yellowstone alum Kevin Costner also lives on the same street. In 2023, Costner had a high-profile split from his ex-wife, Christine Baumgartner.

However, Bloom seems to be embracing single life, having recently attended Jeff and Lauren Bezos' wedding in June. He also shared a moment on his Instagram Stories where he was aboard a boat, singing along to Oasis' hit Live Forever. Bloom tagged the iconic band and joked, "It's gonna be karaoke all night."

Now, Bloom is settling into his new home. "It’s right on the beach and Orlando has been seen there loads in the past few weeks. He seems to be settling right in and has already made friends with his direct neighbours," The Sun's source added.

The Daily Express US has reached out to Bloom's team for comment on his latest move.

Perry and Bloom confirmed the end of their relationship and engagement in early July after months of speculation. Since the news of their breakup broke, Perry has been linked to Trudeau after they were spotted on a date in Montreal in late July.

Sources initially claimed that the pair had an "instant connection." However, insiders are now saying the pair have "cooled things off" in recent weeks due to their schedules and Trudeau feeling "uncomfortable" about the budding relationship's media attention.

"She's busy, he's busy," a source revealed to Page Six. "They have a lot going on, and the newness has worn off," the insider explained.

"But there's nothing negative about it," the source added. "They just aren't in constant communication anymore. That could change, but for now, it is what it is. It has cooled off."

Orlando appeared to laugh at an AI photograph of him having dinner with former German politician Angela Merkel after it went viral earlier this month.

Someone online created the fake photo to jab at Perry and Trudeau's dinner date in Montreal. It made its way around social media, with a caption that read, "Just weeks after announcing his split with fiancee Katy Perry, English actor Orlando Bloom was photographed Friday dining with former German Chancellor Angela Merkel.

"Angela kept Orlando laughing all night — he couldn’t keep his eyes off her."

Bloom posted three clapping hand emojis underneath the post, and a friend shared, "He found it hilarious."