Say Whhhhaaaatttt?!

These two are getting married.

This may come as quite a shocker to those of you who thought they broke up last year...but apparently they rekindled their romance over the fall and decided it was high time they got hitched!

Welcome to Splitsville

Justin Timberlake and Jessica Biel are no longer a couple.  The two decided to end their relationship recently and "there are no hard feelings," a source tells PEOPLE exclusively. "It was completely mutual and they both decided it was time to move on."

The source adds that Biel is keeping her house in L.A. and she and Timberlake, who started dating in 2007, will remain friends.

Reps for the couple released a statement Thursday, confirming 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."

Timberlake, 30, and Biel, 29, were spotted together looking cozy as recently as the Vanity Fair post-Oscars party on Feb. 27.

So Happy Together

J.T. has a new do.

...and apparently there are rumors going around that he cheated on Jessica Biel with Olivia Munn...but if you ask me the two of them still look pretty happy together.  

Amazing!

William Rast at Target!

Justin Timberlake will likely bring more than just a little sexy back when he and co-founder Trace Ayala launch a limited edition William Rast collection for Target this December. Designed as an affordable alternative to the star-favorite denim line, the new assortment is set to hit the mass retailer December 19 and stay on store floors as well as target.com through January 22. Sure to boast the brand’s signature mix of rocker attitude and laid-back appeal, which has already made fans of starlets like Jessica Simpson and JT’s girlfriend Jessica Biel, we can’t wait to see the jeans, denim jackets and more that this famous designing duo whips up for the retailer come December.