The Fresh Prince and his princess may be walking down the path towards Splitsville. According to In Touch Weekly, Will Smith and wife Jada Pinkett Smith are separating.

Will Smith, whose first solo rap album, 'Big Willie Style,' spawned singles like 'Just the Two of Us,' wed Jada on Dec. 31, 1997. They held a secret New Year's Eve wedding in Baltimore at the Cloisters Mansion. After 13 years of marriage, they are reportedly calling it quits.

However, TMZ placed a call to Jada's rep, Karynne Tencer, to confirm the news and her response was not in union with what the tabloid magazine conveyed. "What? In Touch said that? I know nothing about this ... Lord. I'm going back to bed," Tencer stated.

The couple have two children together: Jaden, an actor who starred in films like 2010's 'The Karate Kid,' and Willow, whose widely recognized for her work as a singer with 'Whip My Hair.' Will has a son, Trey, from a previous marriage.

On the music front, news circulated last week that Will Smith may be returning to the hip-hop world. Producer La Mar "Mars" Edwards revealed that he was working with the rapper-turned-actor on his lyrical comeback.

*UPDATE: Will Smith and Jada Pinkett Smith are quelling the rumors of their split. The couple, married for more than 13 years, released a statement denying the separation reports.

"Although we are reluctant to respond to these types of press reports, the rumors circulating about our relationship are completely false," the couple said in a joint statement. "We are still together, and our marriage is intact."

Will's first son Trey, from a previous marriage, posted to his Twitter account, addressing the talk that his father and stepmother were no longer an item. "Did #WillandJada split? No they did NOT split! False information ... its not true RETWEET!!!" he wrote. "Everyone can think what they want ... even if its not true."