While Hustler told RadarOnline that they are "in possession of a Rihanna and J. Cole tape" and that "we have seen it and do not know what we are going to do with it yet," the singer and the rapper have taken to Twitter to dismiss the rumors of the alleged sex tape.

RiRi tweeted: "We don't believe U, U need more people...AND of course an actual sextape! #slownewsday." Like PopCrush said yesterday when we first reported the news, RiRi is open about her risque sexual preferences, but she also seems smart enough to steer clear of doing something so image-damaging as making a sex tape that could fall into the wrong hands and become gossip fodder for all the world to see and chat about.

J. Cole also posted a quick and dismissive tweet about the drama, writing: "Gossip Gossip, n---a just stop it."

A source told RadarOnline that RiRi is "surprised because there is no sex tape."

Clearly, the duo are adopting a less-is-more approach to quelling the storm that this story could become. Hustler made a huge statement by announcing that that they have the tape in their possession. It could be a publicity stunt or a lawsuit waiting to happen.

While Rihanna and J. Cole do have a few professional associations -- he opened for her on the 'Loud' tour this summer, while she appeared in his 'Can't Get Enough' video -- that doesn't mean that they hooked up and filmed the happenings.

More on this story as it unfolds.