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The 48-year-old actress-turned-model has been hiding out at home refusing to see anyone apart from her immediate friends and family since the news broke that she called time on her engagement to cricket star Shane Warne.
A source told HELLO! magazine: "Elizabeth is deeply upset about recent events and is hibernating socially for a while, only seeing her old and trusted friends."
Australia-based Shane recently confirmed the couple - who have been engaged since 2011 - are going through a difficult time, but denies speculation they have ended their relationship and is keen to fly to the UK to patch up their differences.
He wrote on Twitter last week: "Some of the reports re EH & me r absolute rubbish. Yes we're sorting through some (private) issues. But we're not throwing the towel in yet (sic)"
The 48-year-old beauty reportedly ended her romance with the cricketer because their conflicting work schedules put a strain on them.
However, new reports suggest Gossip Girl star Liz recently discovered her fiancé - who splits his time between England and his native Australia - has been getting close to his ex-wife Simone Callahan again.
Shane ended his 10-year marriage to Simone - the mother of his three children, Brooke, 16, Jackson, 14, and 11-year-old Summer - in 2010 and quickly began dating Liz, who has an 11-year-old son, Damian.
