Hot celeb couple Justin Timberlake and Jessica Biel, who have been subject to various split rumors over the years, have part ways for real this time.

The 30-year-old singer/actor and the 29-year-old actress have mutually agreed to end a four year long relationship, insiders have confirmed to various media outlets.

Reps for the couple confirmed the break up in a joint statement Thursday, 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.

PEOPLE quoted a source as revealing, It was completely mutual and they both decided it was time to move on.

There are no hard feelings, the source reportedly told PEOPLE exclusively, adding that the stars will remain friends.

Biel and Timberlake began dating in January 2007. Over the four years, the pair have been subject to multiple rumors of break ups.

After a split rumor was busted in July 2009 when the couple were spotted together hiking through Runyon Canyon, Justin Timberlake and Jessica Biel were rumored to have split in April 2010. Rumor mills churned out reports that there's no more romance.

It was mutual and they agreed it was best to part ways if things weren't going to head towards marriage and kids. They are both incredibly busy, the April 2010 reports said.

Ahead of what seems to be the actual break up, Timberlake and Biel were spotted together at the Vanity Fair post-Oscars party on February 27, 2011.