Justin Timberlake & Jessica Biel – separated for good

According to People, singer and actor Justin Timberlake, 30, and actress Jessica Biel, 29, have decided to formally end their relationship.

A source revealed that “It was completely mutual and they both decided it was time to move on.”

A source said: “It really was mutual. There really wasn’t a final straw. They’re just two people who realized they wanted different things in life and were headed in different directions.”

The source also revealed that Biel is expecting to keep her house in Los Angeles.

The couple’s reps have confirmed the separation yesterday (March 10): “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.”

Timberlake and Biel have frequently been the subject of rumors about their relationship.

Last September, the media even reported that the singer had been unfaithful to his girlfriend. Timberlake has always maintained that the rumors were completely false.