Sorry, Derek Hough! Looks like Scherzy's reconciling with her ex!

To recap - back in October, Nicole Scherzinger was reportedly devastated after splitting with Formula One champ BF Lewis Hamilton.

Then last month, we heard that Nicole was spotted with former Dancing with the Stars partner Derek Hough!

Now, the rumor mill has it that Nicole and ex-bf Lewis spent New Year's together in Vail, CO…and it was "definitely NOT" just as friends.

We're being told that the two "looked to be having a great time dancing and ringing in the new year together" over the weekend! WOW!

If these two are in fact giving it another try, then we wish them all the best, although we hope they're making the right decision. If it didn't work out the first time around...

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