Justin Timberlake, Jessica Biel Split

Justin Timberlake, the 30-year-old actor and singer, and Jessica Biel, the 29-year-old actress, have broken up.

Justin Timberlake and  Jessica Biel picture via Youtube

Timberlake and Biel, who had been together since 2007, released a joint statement from their reps on Thursday, confirming the split: "Addressing the media speculation regarding Jessica Biel and Justin Timberlake’s relationship, we are confirming that they mutually have decided to part ways. The two remain friends and continue to hold the highest level of love and respect for each other."

“There are no hard feelings." an insider told People, "It was completely mutual and they both decided it was time to move on.”

The source adds that Timberlake and Biel will remain friends despite the breakup.