The 34-year-old insisted he wouldn’t go there with the former Towie star because his best mate is her brother Mark.
Speaking to OK! Magazine, he said: “She came to my album launch and the papers made out we’re dating but we’re not. I love Jess – she’s quality and we get on brilliantly, but there’s nothing going on. I don’t think me and Jess have ever been like that.
“It’s the ‘bro code’. You can’t date your mate’s sister, it would be difficult. I’m really good friends with Mark so it’s never going to happen with Jess.
“As much as I like Jess and she’s a really lovely person, we’re just really good friends.”
Back in October, Olly and Jess were reportedly seen looking very close as he launched his new album.
A source told the OK! at the time: "Olly was getting close to a trio of women at the party.
"And he was also cosying up with Jess.”
Jess is currently single after splitting from Strictly Come Dancing professional Giovanni Pernice after five months of dating.
Olly is also looking for love and has a very clear idea of the type of woman he is looking for.
He said: “I want a strong, ambitious, independent woman with her own path in life. That’s the kind of woman who attracts me. I don’t want to be the main person working, I want us to be equal.”
Read the full story in this week's OK! Magazine – out today
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