Cricketer Michael Clarke has moved on after his split with ex-wife Kyly and is now dating fashion designer Pip Edwards.

The Sydney Morning Herald has reported that Clarke confirmed the relationship to a well-placed source who said that they are keeping their relationship "low key" for the sake of their children.

Clarke has a daughter with his ex wife Kyly, four-year-old Kelsey Lee and Edwards has a 12-year-old son called Justice.

The pair were seen holding hands after a romantic walk in Rose Bay.

They are understood to have first gotten together after the former cricket captain split from his wife in September last year.

Rugby league journalist Phil Rothfield alluded to the new woman in Clarke's life during a segment on the Big Sports Breakfast program on Monday morning.

Rothfield mentioned he put Clarke in the “spotted” section of his newspaper column, but didn’t include who he was spotted with.

“You know what? I did the right thing by him, I didn’t mention your female company at the table,” Rothfield said as part of their cheerful chat.

Clarke laughed, responding: “Why not? Listen buddy, you can always mention my female company. How dare you leave that out.”

The rumours initially started after Clarke was working as a consultant for Edward's business, but the pair denied being romantically involved in February.

“Pip and Michael have been friends for 12 years,” Edwards’ representative told The Daily Telegraph in February. “He is currently consulting with P.E. Nation.”

At the same time, Clarke’s representative Sasha Armstrong said: “Michael has known Pip for over a decade and is currently working with both Pip and Claire on a special project with P.E Nation.”

Since then, the pair have been spotted on romantic walks and dining at restaurants in Bondi.