"She has either called it off or is just taking a break," an insider close to Reese tells Us Weekly. "She cares for Jake, but the timing is crappy. She doesn't have enough emotional space for him right now." (Hmm -- maybe that's because she just got divorced from the father of her children?) As for Jake, he recently told a friend that he's single.

We're here for you, Jake, if you need a shoulder to cry on! (Wink, wink)