One of Hollywood's power couples is about to call it quits.

After rumors suddenly began surfacing this weekend of an impending divorce, singer Seal and wife of  seven years, Heidi Klum, announced Sunday night that they were indeed separating.

The couple released a joint statement Sunday saying, "While we have enjoyed seven very loving, loyal and happy years of marriage, after much soul searching we have decided to separate. We have had the deepest respect for one another throughout our relationship and continue to love each other very much, but we have grown apart. This is an amicable process and protecting the well-being of our children remains our top priority, especially during this time of transition. We thank our family, friends, and fans for their kind words of support. And for our children's sake, we appreciate you respecting our privacy." 

The couple have been married since 2005 and have four children, including Klum's daughter from a previous relationship.