The Scream star, who separated from his wife Courteney Cox last summer (10), has found love with Christina McLarty, who split from Girls Gone Wild founder Francis in November (10), just seven weeks after becoming his wife.
The new couple has been photographed together on numerous occasions and now Arquette has opened up about his new love in an interview with shock jock radio host Howard Stern.
The actor told his pal that he and Cox are "in the friend zone now" and he gushed about the new brunette beauty in his life.
He says, "She's adorable. I'm not one to run around with different girls. I like someone that makes me feel good and that I can make feel good."
But the actor, who is currently competing on U.S. reality TV show Dancing With the Stars, admits their busy schedules have made it a little difficult to keep in contact.
He continues, "We try to see each other as much as possible."
And Arquette reveals McLarty is helping him stay clean after his battle with alcohol led to a stint in rehab at the beginning of 2011, adding, "Everything is good."
After splitting from Cox, Arquette enjoyed a fling with waitress Jasmine Waltz. He also went public about that romance during a live on-air phone chat with Stern last year (10).