Olivia, a 22-year-old YouTube star, reposted a @DearJane1 video and added her own commentary on top of it.
Although @DearJane1 did not name Olivia and Val in her post, she mentioned rumors of a Dancing with the Stars pro and contestant having inappropriate relations behind the scenes.
@DearJane1 claimed a source had told her the pro doesn't allow his wife to come near his trailer and the married couple is never seen together on the set of Dancing with the Stars.
In addition, the source allegedly overheard this pro giggling with a female contestant inside his trailer.
Many viewers assumed the video was about Olivia and Jade, and so Olivia decided to set the record straight.
"Hey guys, I just wanna clear the air before this goes any further or this video blows up anymore," Olivia said in her own TikTok video.
"First of all, the woman that posted it blocked me and somebody had to send me this video."
Olivia continued, "But I'm just going to be super blunt and straight up, and say that Val and I are not hooking up. We have never hooked up. This is a complete rumor; we are genuinely good friends and I adore his wife."
Olivia went on to insist that Dancing with the Stars is "literally just a dance show" and she and Val are "just friends."
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"And I don't know why everything always has to be something," Olivia complained.
"But I've already obviously seen a ton of negative comments, and yeah, I get it if it was true, but it's not. So let's end this here and let's dance and have fun on this show and not create lies, especially when you almost have 400k followers! It's not cool."
ABC shut down a rumor in September that Dancing with the Stars was fixed to have Lori Loughlin's daughter survive several eliminations since she appeared to be an easy Week 1 voting target.
ABC reality chief Robert Mills took to Twitter and reposted a fan's tweet that read Olivia "has a deal to stay at least 3 weeks without being in danger on #DWTS."
In response to a report that ABC was honoring a secret deal with Olivia to keep her on the show, Robert tweeted, "This is the dumbest thing I've ever heard. "The show is a competition and as such is subject to legal and broadcast standard regulations."
Many fans are angry about Olivia's Dancing with the Stars participation due to the college admissions scandal her mother Lori and father, Mossimo Giannulli, had been involved in.
Lori and Mossimo each spent time in jail -- two months for Lori, while Mossimo was sentenced to five months behind bars -- after pleading guilty on charges of conspiracy to commit wire and mail fraud, according to E! News.
Lori and Mossimo had bribed the University of Southern California with $500,000 to admit their daughters, Olivia and Isabella Rose, on rowing scholarships and under false pretenses.
Lori was released from federal prison in December 2020 and has reportedly resumed her acting career, but the scandal is still attached to the Full House alum's name as well as her family's reputation.
Olivia, who teaches her followers how to apply makeup on YouTube, joined the Dancing with the Stars cast this fall to hopefully shed new light on her life, and fans are anticipating she might share her side of the college-admissions story and how it's affected her in a future episode.
"I think this is a great experience for Olivia, but this is an experience that she has -- and continues to -- earn every single day. She came into the room with the desire to do her best, to learn the craft," Val said.
"She respects the show, she loves the show, she's a fan of the show. All I want to do is teach her how to dance and let her shine."
Val added that Olivia is performing with "a lot of pride and grace" and her story is going to be "long and prosperous and beautiful."