Tatum and Dewan, both 37, announced the end of their eight-year marriage on Monday. A source close to the couple tells PEOPLE the pair tried to make things work after “growing apart” over the past year.
“They really wanted to make their marriage work,” a source tells PEOPLE. “But neither of them are people who will stay in something that isn’t fully right.”
“They fell out of love, and it was a tough realization to come to,” adds the source. “They are both just incredibly sad.”
Moving forward, the two are focused on co-parenting their four-year-old daughter Everly.
“They’re amazing parents and are determined to stay a family,” says the source. “Their daughter is their world.”
The actors announced the split in a joint statement exclusive to PEOPLE, saying, “We have lovingly chosen to separate as a couple.” They added, “There are no secrets nor salacious events at the root of our decision — just two best-friends realizing it’s time to take some space and help each other live the most joyous, fulfilled lives as possible.”
The Magic Mike star has moved out of the L.A. family home.
“This has been a long time coming,” another insider says. “Like any marriage, they’ve had their ups and downs over the years but they really started to grow apart within the last year.”