"You're looking well" is a pretty common expression that means that someone appears to be doing well for oneself. I use this expression, but to me it means "You look as if you are in good health", and I believe this is what most people round here mean by it.

What does it mean when someone say you look well?

Meanings of “you look well” 1. You look well 2. You looked particularly bad when we last met 3. You look larger than last time 4. I say this to everyone, regardless of how they look.

Is it I look good or I look well?

Whether either is correct depends on what you are trying to say. If you write, "Sally looks good in her new dress", "good" is an adjective. The construction is similar to if you wrote, "The dress looks blue". If you write, "Sally looks well", people would normally understand you to mean "well" in the sense of healthy.