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Matthew McConaughey & Penelope Cruz latest couple to visit splits-ville

Matthew McConaughey and Penelope Cruz have decided to spend time apart, PEOPLE has learned exclusively.

The couple “have decided to take time off as a couple. Due to busy work schedules and so much time apart, they mutually decided four weeks ago that separating was the best thing to do at this time,” according to a joint statement from the couple to PEOPLE.

“They’re very good friends, but they haven’t been able to be together,” a source close to Cruz tells PEOPLE. “Who knows what the future holds.”