While Guiney and Budig said in a statement obtained by People that they still "love each other very much" and are still "best friends," they also stated uncertainty about the future of their relationship.
"We don't know what the future holds," the couple said in the statement.
"They've been on the rocks for a long time," a Budig friend told People.
However while a source close to Guiney told People he has already re-entered the dating scene, a friend of the couple denied the claim.
"He's not at a point to date because it's not over" the friend said.
"They talk on the phone every day and they truly are best friends," a source close to the couple told People. "They don't know what is going to happen. They haven't filed for divorce. They're not even fighting."
Guiney and Budig wed in July 2004. Last March, she left her role on All My Children -- which was filming in New York City at the time -- to instead spend more time in Los Angeles with Guiney. However All My Children subsequently relocated to L.A. and Budig has since returned to the series.
At the Television Critics Association's press tour on Wednesday, People reported that Budig was present sans wedding ring.
"I was late and ran out the door and just forgot to put it on," she told a reporter, according to People.
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