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4 December 2012, 14:35 | Updated: 4 December 2012, 14:38
The 'Heart Skips A Beat' singer and his Xtra Factor co-host interviewed one another for the publication.
Olly Murs has confessed that he thought himself and Caroline Flack had the potential to be in a relationship with one another after he admitted to "fancying" the TV star the first time they met.
The former girlfriend of One Direction's Harry Styles sat down with the Essex star as they took turns in interviewing one another for the latest edition of LOOK magazine.
Asked by Caroline if he has ever fancied her, the Essex-born star declared: "Of course I fancy you. I liked you from watching you present I'm A Celebrity… When we first met I didn't know if it was going somewhere or if we were just mates."
She responded: "Did you actually think that it might go somewhere?"
"I think there's always going to be an attraction between us because we get along so well," he added. "But I don't think anything will happen now."
As well as the interview with the publication, the two also posed for a retro shoot.
Check out a picture of Olly and Caroline in the magazine shoot below: (Picture: LOOK Magazine)
The pair have previously spoken about their close friendship with Olly revealing the pair have made a pact to get married if they are both single at the age of 40.
"We'd have such a disappointing wedding, celebrating that we never found anyone else! But I do worry about you not finding the right girl," Caroline added.
She also went on to state that she thinks the 'Dance With Me Tonight' singer would be well suited to someone like The Saturdays singer Mollie King.
"I'm not sure I'm Mollie's type," he responded. "She probably wouldn't go for me."
To read the interview with Olly and Caroline in full see the new issue of LOOK magazine out now.
Olly Murs' new album 'Right Place Right Time' is also available to download right now.