After 17 years as husband and wife, Will Smith and Jada Pinkett-Smith are getting divorced, a new report by Radar Online claims.

“For Will and Jada, holding it together these past few years has been tough because their marriage has been on life support for a long time,” an insider says.

will and jada

The insider continues, “They’re exhausted from trying to maintain the façade of a happy union. They’ve decided to pull the plug in a carefully choreographed manner, [and] agree announcing their split at the end of the summer is the right move.”

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Will, 46, and Jada, 43 — who are parents to 17-year-old Jaden and 14-year-old Willow — are reportedly in the process of working out a settlement that will protect their combined $240 million fortune.

Earlier this summer, the couple shocked fans when the Magic Mike XXL actress hinted at her “open marriage” during an interview with Howard Stern.

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“You gotta trust who you’re with, and at the end of the day, I’m not here to be anybody’s watcher,” she said.

“I’m not his watcher. He’s a grown man. I trust that Will is a man of integrity. He’s got all the freedom in the world, and as long as Will can look at himself in the mirror and be okay, I’m good.”