The pair "have decided to end their professional relationship and focus on their personal relationship," a Spears rep told People.com.
And while they continue to dodge rumors of their engagement, a source close to the couple added, "They are very happy. Things are really good with them."
Fans, however, might be happier to hear that Spears is hard at work on a follow-up to her 2008 release, Circus. "Since wrapping her recent world tour, Spears has been busy in the studio working on her next album," her rep said. While there had been rumors that the album could be released sometime this summer, the fact that she is still working on it means that fans may have to wait a little longer. While details are scant about the new record, buzz about the album has been floating around the Web for quite some time now.
Several names are attached as possible contributors to what will be the singer's seventh studio album. David Guetta is involved, according to Idolator, as well as frequent Britney hitmaker Max Martin, Rodney "Darkchild" Jerkins and Sean Garrett.
Spears recently had fans salivating over her leaked demo of Lady Gaga's "Telephone." The song's producer, Darkchild, spoke about the work he's doing with the pop star on the album. "We talked about the direction of her album, [manager Larry Rudolph] gave me some insight into the direction, and he wants me to work on stuff for the album," he said. The producer went on to assert that he's very focused on the pop singer, and he's determined to "write an international smash for her new album.
"I think the fans deserve it, I think Britney deserves it and I can't wait to get back into the studio with Britney. I'm about to go crazy on making something that's so crazy. Since I've had that conversation with Larry Rudolph, I've studied some stuff from her last album and the Blackout album, and that was great stuff, but I think I'm going to bring something a little bit greater. I'm gonna give it my all to deliver something that's crazy, crazy amazing for Britney."