A source close to Taylor confirmed to DailyMail.com that the report from People was accurate.
The news comes after the Scottish DJ was pictured looking downcast, as he jetted home to Los Angeles on Tuesday following a brief trip to London.
Tuesday's low key sighting was also the first time Calvin had been pictured since he narrowly escaped serious injury in a serious car crash.
Taylor, 26, and Calvin, 32, got together in March 2015 and had seemed devoted to one another.
Things seemed to be going well for the couple just weeks ago as Taylor gushed about their 'magical relationship'.
She told Vogue in April: 'I'm just taking things as they come.
'I'm in a magical relationship right now. And of course I want it to be ours, and low key...This is the one thing that's been mine about my personal life.'
The musician, who previously dated stars including Jake Gyllenhaal, Harry Styles and Taylor Lautner, admitted the attention on her personal life put her off dating for a long time before she met Calvin.
She said: 'You know, I went out on a normal amount of dates in my early 20s, and I got absolutely slaughtered for it.
'And it took a lot of hard work and altering my decision-making. I didn't date for two and a half years. Should I have had to do that? No.'
The two had been originally set-up by mutual friend Ellie Goulding, who introduced them at the BRIT Awards afterparty in London back in 2015.
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