and continued their lavish getaway in Ibiza, soaking up the sun on a speedboat.
The spent ample time at the beach over the weekend and were spotted hanging out just off the shore of the Balearic island.
Dressed for a summer of sunshine, the 48-year-old star sported a plain white t-shirt and a pair of grey shorts made out of sweatpants material.
He protected his face against the elements by wearing a black baseball cap and some sunglasses underneath.
Leo clutched blue material in his hand – that appeared to be a pair of swimming trunks – while he kept the other free as the duo navigated the rocky path down towards the boat.
Jazzing up his simple outfit, he wore a set of silver chains around his neck and kept his belongings close in a black bumbag which he strung across his chest.
The star was pictured with a serious expression on his face as he made his way towards the sea in some white trainers that featured black accents around the heel and lip.
His close friend and fellow actor Tobey, 48, followed suit and opted for comfort ahead of his day at the beach.
The Spiderman star put on a dark grey t-shirt that he paired with some royal blue baggy shorts.
Copying his famous pal, he wore a cap and shades but let his feet breath in some double buckled Birkenstock slip-on sandals.
The double-act were escorted onto a speedboat with their entourage that included other short-wearing men and bikini-clad women before they headed off further out into the ocean.
Leo’s latest outing came after his current rumoured flame British model Neelam Gill, 28, with the actor.
She took to Instagram to clear up dating speculation and explained: ‘Just to clear up any rumours… I am not Leonardo DiCaprio’s new flame.
‘In fact I am in a committed relationship with his good friend, and have been for many months now.
‘The only reason we have been pictured in the same vicinity is because I have been there with my partner. I hope this clears up all false stories.’
