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.

Justin Timberlake & Cameron Diaz Reunite in Movie “Bad Teacher”

Cameron Diaz and Justin Timberlake, who split in 2007 after nearly four years of dating, team up in a new a movie named Bad Teacher.

“They obviously know each other really well. They’re good friends, and they’re both incredibly funny people. I couldn’t be more excited about it.” the film’s director Jake Kasdan tells Entertainment Weekly.

In the comedy, Diaz, 37, is playing a 7th grade teacher who is in search for the right man to take care of her for the rest of her life after she was dumped by her boyfriend, according to Kasdan.

“She’s kind of foul mouthed. And she’s completely fixated on trying to afford breast augmentation surgery, and very open about it.” the director adds.

Timberlake, 29, is playing a substitute teacher “who happens to be the heir to a watch-making company” and Diaz’s character “thinks he seems like a good target.”

The comedy, which due out in 2011, began filming this month -- just nine days ago.

Justin Timberlake Speaks Mandarin (Video) in Sony Ping Pong Mandarin Commerical

Check out the video of Justin Timberlake and Peyton Manning speaking Mandarin in the Sony latest Ping Pong Mandarin Commerical. But who can understand what they are speaking?