It comes after Woman's Day reported this week that Terri and Russell's rumoured wedding was 'off' so that she can focus on her children, Bindi, 18, and Robert, 13.
But according to the publication, Terri, 52, still 'loves' the Gladiator actor.
"Of course she loves Russell - they've been friends for a long time," a source told the magazine.
"But I think talk of a wedding is premature to say the least," they said, adding her priority is to look after her children.
They added a relationship could happen one day but for now, "it's the love of two friends who like and respect each other".
A representative for Terri told Daily Mail Australia on Monday, that she and Russell are just friends.
"There is no romantic link at all between Terri and Russell. Once again, these reports are completely false," they said.
Last month, New Idea claimed Terri and Russell - both aged 52 - are talking marriage as their alleged relationship heated up.
According to the magazine, the pair were set to go public with their romance because the mother-of-two didn't 'want to hide it any longer'.
A source close to Terri reportedly told the magazine: "You can totally tell they're into each other and have been for a very long time".
"Obviously Russ has been through a lot of pain because of how much he loved Danielle and Terri relates to that because she's struggled to find anyone who's matched up to Steve.
"This is a big reason they're so compatible - they're on the same wavelength about never expecting to find true love again," the source explained.
They added the couple have spoken about tying the knot in a 'small and intimate' wedding in late 2018.
An Australian Zoo representative laughed off the rumours, telling Daily Mail Australia: 'All of these reports are completely false.
"Terri and Russell are not dating and are certainly not planning a wedding."
This isn't the first time the pair have been linked to one another.
In May, New Idea again reported an "insider close to the actor" claiming the couple were unable to 'fight their love any longer.'
But at the time, an Australian Zoo spokesperson laughed off the reports, saying: 'She'll be flattered!
"Russell Crowe is a long-time friend of the Irwin family and has been for many years, [but] the report that Terri and Russell are romantically linked is simply untrue".
The story also claimed that neighbours have seen Russell 'half-naked' on the balcony of the wildlife warrior's $3.2 million home on the Sunshine Coast, even waving to locals as they pass.