It’s official. Today’s the day love died. OK, we’re being very dramatic here, but we’re definitely depressed Gigi Hadid and Cody Simpson are breaking up. According to Just Jared Jr., the daughter of Real Housewives of Beverly Hills star Yolanda Foster and her pop beau are officially calling off their relationship after almost a year of dating.

“They’ve been on and off trying to make it work, but their schedules have made it quite difficult,” a source close to the couple tells Just Jared Jr. about the split. “They agreed that things were finally over on Thursday.”

Say it isn’t so! The Sports Illustrated model and her Dancing With the Stars boyfriend have been one of our favorite young couples since we found out they were a pair. That being said, we’re at least glad to hear from another source that the split was “amicable and they’ll remain best friends.”

This news comes on the heels of Gigi starring in Cody’s “Surfboard” music video, in which they shared “tender kisses” and had to be told to stop making out! This video will always remind us of the good ol’ days, but we know Cody will continue to be a talented dude and Gigi will star in another man’s music video pretty soon. Who is it? Miguel, that’s who!

With Cody’s intense touring and recording schedule as well as Gigi balancing college and a blossoming modeling career, we’re sad — not shocked — that they won’t have the summertime of their lives together.

What do you think about Gigi and Cody breaking up? Hit the comments and sound off!

Carson Blackwelder is an Assistant Editor at Wetpaint Entertainment. Follow him on Twitter and Google+!