Jennifer Lopez and Alex Rodriguez announce breakup

Jennifer Lopez and Alex Rodriguez are officially going their separate ways.

The performing sensation and the former baseball slugger, who have been a couple since 2017, have called off their two-year engagement and will focus on remaining friends.

The two revealed the news in an exclusive joint statement to TODAY.

"We have realized we are better as friends and look forward to remaining so. We will continue to work together and support each other on our shared businesses and projects. We wish the best for each other and one another’s children. Out of respect for them, the only other comment we have to say is thank you to everyone who has sent kind words and support.

Reports first circulated in March that they had called off their engagement, but multiple sources told TODAY at the time that the two “never officially broke up” and were still together.

“They hit a rough patch that made them think about what they should do,” the sources added, noting that it was tough for the couple to see each other amid COVID-19 restrictions while Lopez, 51, was working in the Dominican Republic and Rodriguez, 45, was in Miami.

“All the reports are inaccurate. We are working through some things,” Lopez and Rodriguez also told TODAY in a joint statement in March.

However, breakup rumors swirled again earlier this week when Lopez shared a series of selfies from the set of her new movie, “Shotgun Wedding,” and her engagement ring was missing from the photos.