Chelsea Handler and Jo Koy are splitting up.

Former Chelsea host 47-year-old shared on Instagram this morning that she was with Koy and had split.

The couple posted a video they couple planned to show on their anniversary of one year, Handler wrote in the caption

"It is with heavy hearts that I declare that we have made the decision together that it's better for us to step back from our relationship at this point."

A source has told PEOPLE that those who are close to the couple do believe the situation will be temporary.

"Their friends are hoping that they are able to work it out.

In her heartfelt Instagram post, Handler told fans, "I am aware that many of you were involved in our love for us,

I would like to convey my gratitude to you for what that was to us both.

What a huge amount it means. and how much I am convinced that I am in love with everyone each one of us."

She thanked Koy and stated that Koy "blew my heart with love, and thanks to his love, my life has been forever changed."

Additional Handler: "To be loved and loved by @jokoy has given me one of the most wonderful experiences of my life.

He reaffirmed my faith in people and in love, as well as in the fullness of who I am. I've never been more hopeful about the near future."

Handler stated she appeared on The Tonight Show Starring Jimmy Fallon in October she "fell in love at the age of 46."

"One day I just glanced at Jo and thought, 'Oh, that's my man" " she said.