The pair were first linked in early 2012
The couple called it quits after four years together, PEOPLE confirms. The pair met on the set of On the Road in 2010.
Earlier this year, Dunst, 33, and Hedlund, 31, were noticeably together at the Golden Globes and also attended Fox’s award show party.
Back in November, the Fargo actress got candid about what she looks for in a boyfriend, telling The Edit that she’s “dated men who had more of a feminine side, and it didn’t work.”
Dunst also revealed she’s ready to start a family. “I want to continue acting, but I also want to have kids,” she shared. “I think I’ll be ready to have them in two years or something.”
E! News were first to report the news.