“They will always love each other very much and are devoted to their kids,” the source said to People. “Anything could happen in the future, but for now they’ve decided it’s best to take some time apart.”
Fox and Green met in 2004 on the set of Hope & Faith, and got engaged twice — first in February 2009 and again in June 2010 — before walking down the aisle. The pair have two children together, Noah Shannon, 2, and 18-month-old Bodhi Ransom.
For more on Fox and Green’s split, head to People.