Megan Fox and Brian Austin Green Call Off Engagement

02/24/2009 at 04:55 PM EST

Megan Fox and Brian Austin Green Call Off Engagement
Brian Austin Green and Megan Fox at Chateau Marmont
Lester Cohen/WireImage

Megan Fox

Megan Fox

Transformers star Megan Fox and Brian Austin Green have quietly ended their engagement to be married, a source confirms to PEOPLE. "The decision was mutual," says the source. "They're still friends."

The two met in 2004 and were engaged two years later in November 2006. Green, 35, who stars in Fox's Terminator: The Sarah Connor Chronicles, told PEOPLE as recently as November that he and Fox were hopeful for a small wedding or even elopement.

Fox, 22, will next be seen in Transformers: Revenge of the Fallen.

1991: 90210 makes Brian one of TV's hottest teens
Read about more celeb breakups on the covers of PEOPLE

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