Has Taylor & Taylor split up?

GossipCop is reporting that "Taylor Squared" has broken up.....

Taylor Swift and “New Moon” hunk Taylor Lautner have split up.

The couple, who met on the set of the movie “Valentine’s Day,” began dating a little more than three months ago, but “it just wasn’t happening,” a Swift source tells Gossip Cop.

The insider added, “They met, they liked each other, went out a few times, but the media made a bigger deal of it than it was because they’re young and attractive.”

And while the two Taylors each jokingly acknowledged their budding relationship when hosting “Saturday Night Live,” it was never a whirlwind romance. The source described it as two young people going on a few (well-documented) dates, but it never materializing into anything more serious.

The break-up, says the insider, was “not big or dramatic,” nor was the romance “contrived,” as an Us Weekly source termed it.

“It just wasn’t happening,” reiterated the source, who said the two stars are still “going to be friends.”

Mandy's Mind - This is so funny, because no one truly was convinved it was a long term relationship or a true relationship at all. I hoped it was, they are so cute together... but I kept going back to the facts.. She is 20 he is 17, he allegedly dated her bff Selena Gomez, their outings were very public and even though they went for dinner a few times, they were never seen "close" except in filming. Who knows if they were an item, and if they were, who knows if they truly aren't now... either way - I adore them both.. together or apart.

US Magazine also says:

"It wasn't really developing into anything, and wasn't going to, so they decided they were better as friends," a source close to Swift, 20, tells Us. "There was no chemistry."

The pair -- who met on the set of the romantic comedy Valentine's Day -- first sparked rumors of a romance when she hugged him at her October 9 concert in Rosemont, Illinois. They have since been spotted on several wholesome dates -- like their frozen yogurt date at Menchie's alongside Swift's mom earlier this month -- and have each coyly alluded to their relationship on separate Saturday Night Live hosting gigs.

However, the relationship officially fizzled when Lautner, 17, flew to Nashville for Swift's birthday party on Dec. 13, a friend of the singer reveals.

"He liked her more than she liked him," the source tells Us. "He went everywhere he could to see her, but she didn't travel much to see him."

Lucky for Lautner, the split won't inspire angry songs like those written about ex Joe Jonas -- who dumped Swift during a 27-second phone call in 2008.

"They plan to stay friends," the source says.

In fact, Swift -- whose friend says she is a "hopeless romantic" who "wants everything she writes about" in her songs -- will likely reunite with the Twilight hunk when they begin promoting Valentine's Day, out Feb. 12.

Swift's rep had no comment. Lautner's rep could not be reached.


Hmmm... we will soon see eh?