Justin Timberlake and Jessica Biel are back on the market…

After dating for nearly four years, the couple have decided to call it quits. But a source tells PEOPLE that despite the break up…the pair remain good friends.

“There are no hard feelings. It was completely mutual and they both decided it was time to move on,” the source stated.

Reps for both Justin and Jessica also confirmed 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.”

JT is probably riding around in his car right now blasting Lil Wayne‘s “I’m Single.” Gotta keep it movin’, pimpin!

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