Sources said the duo, who split in 2002 after 107 days of marriage, have recently become close again.
“They talk a lot and have rediscovered their feelings for each other. It all started when Nic reached out to her in early summer,” an insider said. “Since then, they’ve been on the phone nonstop and have even met up for dates!”
As Radar has reported, both stars have hit the skids in recent years, personally and professionally.
And Leaving Las Vegas star Cage, 55, had a messy split with third wife Alice Kim after she was photographed with another man in 2016.
He then went through a shocking marriage and annulment after only four days with waitress Erika Koike.
Now Cage has found comfort again with his old flame.
“There’s a lot of talk that they’ve rediscovered a new, intense connection,” said the source, adding that a formal reunion “is just a matter of time.”
Neither Cage nor Presley responded to requests for comment.