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Serena Wiliams split with Common in 2010 after at least a year-long relationship. They were the “It” couple of the year, hot to death, tons of PDA for the cameras then poof…they were done! But maybe love just might be better better the second time around!

The former couple raised eyebrows by spending a lil time together at a small private event Friday night … sparking speculation they might be dating again.

An eyewitness spills that Serena and the rapper/actor were in a back room chatting before she spoke to the audience at the grand opening of the Yetunde Price Resource Center — for people affected by violence.

We’re told the exes were careful to avoid taking pics together, but individually each got a photo with Compton’s mayor, Aja Brown. They left in separate cars after the event. Serena’s sister Venus Williams was also there — the sisters launched the center because their older sister was shot and killed. A source close to them tells us they’re still just friends. The witness insists they seemed like more than buddies…You know how it be (sometimes) when you haven’t seen your ex in a while and ya’ll reconnect! It’s see what unfolds with these two! Stay tuned!