Earlier today, we reported that "sources" were saying that Taylor Swift was getting one impressive Valentine's Day gift, but it looks like her swoonworthy dream vacation -- and boyfriend -- are both out of the picture now. According to PEOPLE, Swift and rumored beau Jake Gyllenhaal have broken up.

"They're over," PEOPLE has been told. "It ended last month."

The power couple were last seen together in public in Los Angeles on Dec. 9, after having spent Thanksgiving weekend together in Nashville and sipping coffee side by side in Brooklyn before that. Their reps haven't confirmed or denied whether they're dating or single, but Swift and Gyllenhaal supposedly spent the holidays apart.

Swift is likely still high on the success of her most recent album,'Speak Now,' as well as the announcement of her upcoming tour, while Gyllenhaal's most recent work includes the film 'Love and Other Drugs' with co-star Anne Hathaway.

We hope they're happy either way, but if the split report is in fact true, it's safe to say that we'll get a 'Hey Jake' or 'Dear Jake' (or maybe a song without the name Jake explicitly in it, but hinted at within the verses) on Swift's next release. We'll sit back and eagerly await to find and out and see if there might be an addition to Swift's all-time best lyrical disses.