A representative for the couple tells People.com, "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."
The couple, who started dating shortly after the 2007 Golden Globes Awards, were reportedly spotted together just a few weeks ago at Vanity Fair's post-Academy Awards bash; however, they didn't attend the Oscars together - Justin took his mom. The singer was a presenter during the awards ceremony and appeared to be ogling his co-presenter Mila Kunis, who recently split from her long-time boyfriend Macaulay Culkin.
Justin plays the love interest of Cameron Diaz - who he dated prior to Biel - in the hilarious looking Bad Teacher. Check out the red-band trailer here.