Woods previous relationship with Madison lasted seven years -- they started dating when she was 19.
Radar Online said Wednesday that Bauguess has already been arrested on felony drug charges -- possession of marijuana and possession of a controlled substance earlier this month.
The new pair have been open about their relationship on Twitter. The "White House Down" actor shared a picture of Bauguess in a bikini on June 14.
Kris... pic.twitter.com/BIpizw8Bjq— James Woods (@RealJamesWoods) June 15, 2013