"Will Smith and Jada Pinkett divorced," is not the headline you're going to see in the webloids, despite rumors that the couple are splitting up. According to Gossip Cop, the Will Smith and Jada Pinkett story is not true, despite the widespread rumors online.

Will Smith and Jada have decided to "pull the plug" on the 17-year old marriage vows, according to a report by Radar Online. Sources say they have split up after dividing their $240 million fortune.

A source close to the story said to the webloid that Will and Jada Pinkett are “exhausted from trying to maintain the facade of a happy union,” MSN reported. So they have “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.”

The move towards a divorce also puts to rest "cheating rumors" about the two stars. Gossip Cop put to rest rumors in the webloid that Will “romanced his Suicide Squad co-star Margot Robbie,” while Jada allegedly “cheated in 2011 with ‘HawthoRNe’ co-star Marc Anthony.” Both of these rumors have been debunked.

"They’re already moving on with their lives. All that’s left is the inking of the divorce papers.” said Radar Online.

Gossip Cop recently busted online sites that falsely said a couple of years ago reported two years ago that Will Smith and Jada Pinkett Smith were on a “trial separation.” Nonetheless, MSN backtracked to check with the Smith family.Will Smith and his family were certain that the webloids were incorrect in speculating that of an end-of-the-summer divorce announcement is 100 percent “not true,”