01:11 AM EDT 04/14/2013

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Michael Sheen Wasn't Ready to Settle Down with Rachel McAdams: Source | Michael Sheen, Rachel McAdams

Michael Sheen Wasn't Ready to Settle Down with Rachel McAdams: Source

Originally posted 03/01/2013 07:00AM

There's no bad blood between Rachel McAdams and Michael Sheen. The exes simply "have different visions for the future," a source tells PEOPLE about the pair, whose split was confirmed on Wednesday after two years of dating.

"Rachel wants to settle down and is dreaming of having a family. Michael always seemed content with their relationship. Since he already has a daughter [Lily, 14, with Kate Beckinsale], he feels no need to have more children. He wants to focus on his career."

"They still have some contact and are friendly," the source adds, but it was their differences that eventually led to the demise of their relationship.

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PHOTO: Rachel McAdams Finds Unlikely Suitor at Toronto Raptors Game | Rachel McAdams

Rachel McAdams Finds Unlikely Suitor at Toronto Raptors Game

Originally posted 02/28/2013 11:15AM

Rachel McAdams's last boyfriend was a little older than her. Now it looks like she's keeping company with someone from the Cretaceous Period.

The actress, 34, who recently split with her beau of two years, actor Michael Sheen, was courted by the Toronto Raptors's velociraptor mascot on Monday night.

He presented the Midnight in Paris actress with flowers and a stuffed dinosaur as the Toronto public-address announcer introduced the London, Ontario, native to the crowd, who cheered wildly.

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Rachel McAdams and Michael Sheen Split | Michael Sheen, Rachel McAdams

Rachel McAdams and Michael Sheen Split

Originally posted 02/27/2013 02:05PM

Things are over for Rachel McAdams and Michael Sheen.

The couple, who first met when they costarred in Woody Allen's 2010 romantic comedy Midnight in Paris, recently ended their two-year relationship, PEOPLE confirms.

The pair acknowledged their budding romance in 2011, after appearing arm-in-arm at that year's Cannes Film Festival and being spotted together throughout the fall of 2010.

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What Was Channing Tatum's Between-the-Sheets Surprise for Rachel McAdams? | Channing Tatum, Rachel McAdams

Channing Tatum Surprises Rachel McAdams with Prosthetic

Originally posted 01/31/2012 05:00PM

After turns in The Notebook and The Time Traveler's Wife, Rachel McAdams has the lock on serious romance onscreen – but off, it's all fun and (dirty) games with The Vow costar Channing Tatum.

"Channing got the props department to make a prosthetic, um, member," the actress, 33, tells U.K magazine Stella of filming the upcoming movie's nude scene.

"Literally a fake penis. I didn't know what to do – I thought, 'Is that the real deal?' It was very realistic. It was ridiculous, the scale of it!"

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Michael Sheen & Rachel McAdams Confirm They Are Dating

Michael Sheen & Rachel McAdams Confirm They Are Dating

Originally posted 05/18/2011 03:55PM

Michael Sheen and Rachel McAdams have finally confirmed one of the worst-kept secrets in Hollywood – that they are indeed a couple.

"Yeah, we are together," the actor told PEOPLE Tuesday at the Cinema Society & Thierry Mugler screening of their new movie Midnight in Paris in New York.

Linked since the fall, Sheen, 42, and McAdams, 32, hit the red carpet arm in arm in Cannes last week to promote the Woody Allen film.

"I don't think it was planned one way or the other," McAdams said Tuesday of their going public with the romance.

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PHOTO: Rachel McAdams & Michael Sheen Couple Up in Cannes | Michael Sheen, Rachel McAdams

UpdatePosted 05/11/2011 05:30PM

Rachel McAdams, Michael Sheen Make Red Carpet Debut Together

Originally posted 05/11/2011 05:00PM

They've remained coy about their romance – in spite of being spotted mid-smooch – but Rachel McAdams and Michael Sheen made their red carpet debut as a couple Wednesday at the Cannes International Film Festival.

"She's a genuinely lovely lady as well as being stunningly beautiful and very talented," Sheen, 42, told Entertainment Tonight Canada of McAdams, his costar in the Woody Allen-directed comedy Midnight in Paris, which is showing at the festival.

The actress, 34 – who was recently spotted wearing a ring on her wedding finger – isn't engaged to Sheen, but she recently talked to Elle about her hopes for a "fairy-tale romance."

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Rachel McAdams: True Love Is a 'Hard Thing to Find' | Rachel McAdams

Rachel McAdams: True Love Is a 'Hard Thing to Find'

Originally posted 05/10/2011 11:20AM

It's hard to imagine Rachel McAdams has ever worried about falling in love. But the actress – currently dating actor Michael Sheen – admits it isn't easy to come by.

"You have those days when you wonder if you're going to find it for yourself," she says in the June issue of Elle. "It's such a hard thing to find."

McAdams, 32, who was formerly in a long-term relationship with Ryan Gosling, hopes to end up with a fairy-tale romance like her parents.

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Couples Watch: Rachel McAdams's Romantic Sushi Dinner

Caught in the Act

Couples Watch: Rachel McAdams's Romantic Sushi Dinner

Originally posted 12/13/2010 06:00AM

• Rachel McAdams and new beau Michael Sheen grabbed a table for themselves at Tsunami Sushi in Baton Rouge, La., where Sheen is currently filming Breaking Dawn. According to onlookers, the couple was sitting side by side and looked "very cozy together. It was obvious they were romantically together." The two ordered off the menu and stayed for a few hours, enjoying the late night dinner while Sheen's castmates like Ashley Greene and Kellan Lutz ate at the sushi bar in a group.

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Rachel McAdams Kisses Her New Man Goodbye – at the Airport

Rachel McAdams Kisses Her New Man Goodbye – at the Airport

Originally posted 12/02/2010 04:20PM

Looks like they're still going strong!

Rachel McAdams may have been ready to jet Wednesday at Los Angeles International Airport, but not without getting a little love from her new beau, Welsh actor Michael Sheen, before her departing flight. The two were snapped smooching before the Canadian actress caught her plane.

Linked since the fall, the couple costar in director Woody Allen's upcoming movie Midnight in Paris. They have also been spotted getting affectionate and holding hands during strolls in Toronto and at the film's afterparty during the Toronto International Film Festival in September.