It's over between Emma Roberts and Evan Peters.

The two have decided to split, ending their engagement, according to Just Jared. A source claimed that the break-up between the longtime couple was amicable.

"Their three years together just ran its course," the source told Just Jared. "They have so many great memories together but couldn't make it work in the end. The break-up was amicable - there was no drama whatsoever. Emma and Evan are even still friends!"

Media reports speculated in January that the "American Horror Story" co-stars ended their relationship after Roberts was spotted without her engagement ring. At the time, a source told E! News that Roberts and Peters were still together and still planning a wedding.

"Emma and Evan are still together and happier than ever!" the source said. "The couple spent their New Year's on a ski trip with a group of close friends. Emma has been known not to wear her ring all the time."

Roberts and Peters began dating in 2012. Peters proposed to Roberts during the 2013 holidays in New York City with a pink gold and diamond ring, People Magazine reported.

Representatives for the actors have not commented the couple's private life.