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Matthew McConaughey IS BACK ON THE MARKET!!!

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.

“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.”

(Penelope) said it has been too hard to have a relationship when you see the other person every six weeks,” adds the source. The couple last saw each other in February when McConaughey visited Cruz on location in Spain.

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