The couple of more than two years are taking a break but remain friends, sources tell PEOPLE
The sources maintain that busy work schedules proved to be a great challenge for them both, although they are still in regular contact and remain friends.
Reps for Hough and Seacrest declined to comment.
“It’s a hard thing to do, especially when you’re so caught up in your work and bettering yourself,” Hough recently told PARADE. “I think at the end of the day you have to find a balance with what’s really important.”
After ringing in the new year, the duo enjoyed a romantic getaway in St. Bart’s days later.