"Evan Rachel Wood and Jamie Bell have decided to separate," the rep tells Us in an exclusive statement. "They both love and respect one another and will of course remain committed to co-parenting their son. This is a mutual decision and the two remain close friends."
A source adds: "They love each other so much but it just wasn't right."
Wood, 26, and Bell, 28, first met on the set of Green Day's music video "Wake Me Up When September Ends" in 2004 and tied the knot eight years later in October 2012. Last July, they welcomed a baby boy, whose name has never been revealed. (At the time, Bell praised his "warrior" wife via Twitter for birthing their child so "naturally and peacefully.")
Back in November, the first-time mom opened up about motherhood and her hectic schedule to Us during a screening of her film "Charlie Countryman" in New York.
"I've been having separation anxiety because I’m so used to him being right here all the time. They kind of become a part of you, you know?" she told Us on Nov. 13 of her little tot. "It was my dream to be a mom, so I'm loving it. I love it."
"He's smiling and laughing. He started rolling over," she gushed of his recent milestones. "He's grabbing things. You know, he's making oohs and aahs."
Wood and the "Fantastic Four 2" actor's last red carpet appearance together was at the LACMA 2013 Art + Film Gala in L.A. last November. Bell, for the most part, has kept mum about his relationship with the "Facing the Wind" actress, and recently deleted his official Twitter page.