The couple, who have been married for 13 years, released a statement via their publicist after reports their marriage had hit the rocks.
'Catherine and Michael are taking some time apart to evaluate and work on their marriage.
The Hollywood power couple are currently thousands of miles apart, with Michael holidaying in Sardinia solo while Catherine remains in New York.
The couple, who married in 2000, haven't been seen publicly together since 22 April, when they cuddled up on the red carpet at the 40th Annual Chaplin Award Gala at Avery Fisher Hall in New York City.
They are said to have decided to spend some time alone after Michael returned from this year's Cannes Film Festival in France.
Rumors then started to swirl over a possible split when Michael seen playing a game of golf on his own in Italy last week.
Cutting a lonely figure, it was a different picture entirely from just last year when the actor smiled alongside his Welsh-born wife at the annual Michael Douglas & Friends Celebrity Golf Tournament, which took place between 25 and 27 May.
It was recently reported by Star Magazine that Catherine was set to begin a '$300m divorce battle' against Michael, to end their marriage.
While a representative for Michael, 68, and Catherine, 43, denied that they have separated, the married couple have been spending time apart recently.Michael is said to be living in Manhattan while Catherine is staying at their $4m home in New York State with their children Dylan, 13, and Carys, ten.
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