They are presently boyfriend and girlfriend towards the conclusion of the film, and they are putting their romance on pause since she had to swim back into the ocean for a short time. Aqua is presumed to have returned to Raymond some time after the events of the first film. After all, they're no longer Star-Crossed lovers. However, this doesn't mean that they can't one day get back together again. Raymond may fall in love with another girl someday, while Aqua can still return his feelings even though they aren't star-crossed anymore.