The couple reportedly separated at the beginning of the year (2020), but news has only just leaked.
Jason and Olivia started dating in November 2011 and the funnyman proposed to the actress/director in 2012.
They share two children together – Otis, six, and four-year-old Daisy.
“It’s been amicable and they’ve transitioned into a great co-parenting routine,” a source tells People.
“The children are the priority and the heart of the family’s relationship.”