Blake Lively, Leonardo DiCaprio Break Up

Blake Lively, Leonardo DiCaprio Break Up
Blake Lively and Leonardo DiCaprio

10/04/2011 AT 12:45 PM EDT

Their summer romance is over.

Blake Lively and Leonardo DiCaprio, linked since May at the Cannes Film Festival, are no longer dating, a source close to DiCaprio tells PEOPLE.

"It's amicable. They're friends," the source says, adding that distance and DiCaprio's work commitments contributed to the breakup.

First spotted together hugging on a yacht on the French Riviera, the pair also clocked time together at a Sydney, Australia, zoo, on bikes in New York City and on vacation in Italy over the summer.

Over the weekend, Lively, 24, was spotted in Boston with Ryan Reynolds, according to a report in the Boston Herald. The Gossip Girl star was reportedly spotted on the Acela train and, later, having dinner together at sushi restaurant, O Ya.

DiCaprio, 36, will next appear in J. Edgar, due out in November.
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