Liam Hemsworth holds onto girlfriend Miley Cyrus’s hand as they attend the 2010 Elton John AIDS Foundation Academy Award Party held at Pacific Design Center in Los Angeles on Sunday night (March 7).

While at the party, JJJ saw Miley sitting on Liam’s lap during Grace Jones‘ performance. So cute!

It was just announced via THR that Liam, 19, is in talks to star in Arabian Nights.

Directed by Chuck Russell, the period epic centers on a young commander (Hemsworth) who, after his king is murdered in a coup, joins forces with Sinbad and Aladdin to rescue Queen Scheherazade. The movie is set to shoot by the end of the summer.

10+ pics inside of Liam Hemsworth… More Here! »

Miley Cyrus leans on Liam Hemsworth’s shoulder as they stroll down the walk for their photo shoot for the April 2010 cover of Teen Vogue.

The Last Song on-screen lovers opened up about first impressions, trying to do everything at once and their upcoming movie. Check it:

Miley on Liam: “I think we’re both deeper than normal people—what they think and how they feel. He’s very grateful for what he has, but he doesn’t let it go to his head. I’m like that too.”

Liam on the first time he met Miley: “It was funny—working with Miley was a lot easier than I thought it was going to be. From the first time we read, it was like I had known her before.”

Miley on the triple threat: “It’s refreshing to work with an actor who isn’t also a singer and dancer and musician and artist and this and that. I’m sick of quadruple threats.”

For more of Miley and Liam, check out TeenVogue.com!

Miley Cyrus and Liam Hemsworth cozy up together as they attend the 2010 Elton John AIDS Foundation Academy Award Party held at the Pacific Design Center in Los Angeles on Sunday evening (March 7).

The Last Song sweethearts were seen chatting it up with good pal Nicole Richie at the party.

Miley teamed up with Amanda Seyfried to present the Oscar for Best Original Song during the 2010 Oscars earlier tonight. The award went to T Bone Burnett for “The Weary Kind” from Crazy Heart.

10+ pics inside… More Here! »

Taking advantage of the sunny weather, Miley Cyrus leads boyfriend Liam Hemsworth in a bike ride around the neighborhood on Friday afternoon (March 5) in Toluca Lake, Calif.

The darling duo star in the upcoming The Last Song as Ronnie and Will. The flick tells the story of a rebellious girl (Cyrus) who is sent to a Southern beach town for the summer to stay with her father. Through their mutual love of music, the estranged duo learn to reconnect.

Miley, 17, will be presenting this weekend at the 2010 Oscars.

Liam Hemsworth gives Miley Cyrus a sweet kiss in this new featurette for their upcoming movie, The Last Song.

Miley, 17, gave us a little background info on who Ronnie and Will really are, saying, “Ronnie and Will are very different. She’s a little more independent with not a lot of money; he’s very wealthy, very taken care of by his parents. He has it a bit easier…on the surface.”

The Last Song hits theaters on Wednesday, March 31.

Miley Cyrus and her boyfriend, Australian actor Liam Hemsworth, walk hand-in-hand through her neighborhood on Sunday afternoon (February 28) in Toluca Lake, Calif.

Miley happily took a photo with the fan — Liam took the pic on the fan’s iPhone!

Before taking off with Liam, Miley flashed a peace sign to photographers.

Miley recently came in #15 in Billboard’s Money Makers List for 2010, pulling in $21 million from her concert tour and CD sales.

25+ pictures inside of Miley and Liam’s Toluca Lake love… More Here! »

Look how breathtaking Miley Cyrus looks in this new still from her upcoming movie, The Last Song.

The Last Song, also starring Liam Hemsworth and Bobby Coleman, is a drama centered on a rebellious girl who is sent to a Southern beach town for the summer to stay with her father. Through their mutual love of music, the estranged duo learn to reconnect.

The flick hits theaters on Wednesday, March 31.

Be sure to check out a behind-the-scenes look at Miley’s music video, “When I Look At You.”

Miley Cyrus gives a great big hug to costar sibling Bobby Coleman in this new vid featuring new scenes from her new movie, The Last Song.

The drama, which now opens on March 31, centers on a rebellious girl (Cyrus) who is sent to a Southern beach town for the summer to stay with her father (Greg Kinnear). Through their mutual love of music, the estranged duo learn to reconnect.

Miley shared, “I think it’s really important to look for roles that are challenging, but also something that you relate to and something that really captures your heart.”

Check it out below!