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Actress and fashion designer Olsen and The Hangover star Justin Bartha have decided to end on their two-year relationship, according to People magazine.
Sources insist the split was amicable and nobody else is involved.
The news comes just five months after it was rumoured that Bartha was planning to propose, with a friend saying: "He's in love and just waiting for the right time."
When they first started dating in 2008, Olsen, 24, reportedly told friends she thought 32-year-old Justin was "the one" for her.
A source said: "Ashley is so in love and really happy with Justin, even though it's only been six months. She has been telling her family how much she loves this guy and how sweet he is."
Last year, Bartha revealed how Ashley wouldn't give him fashion advice despite her having three successful clothing labels with twin sister Mary-Kate.
When asked if she tells him what to wear, Bartha said: "Clearly not. That's what she does for a living, but she definitely doesn't tell me what to wear - she's not shallow."
