People mag. reports that the couple "have decided to take time off as a couple. Due to busy work schedules and so much time apart, they mutually decided four weeks ago that separating was the best thing to do at this time."
Penelope Cruz, 32, is in Spain filming Manolete. While Matthew McConaughey, 36, is in the US shooting We Are Marshall.
The two had been together for more than a year but hadn't seen each other since February when McConaughey visited Cruz in Spain. (source: http://rosiedemario.blogspot.com/2006/06/matthew-m-and-penelope-split.html)
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