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"While we have enjoyed seven very loving, loyal and happy years of marriage, after much soul-searching we have decided to separate," the statement read. "We have had the deepest respect for one another throughout our relationship and continue to love each other very much, but we have grown apart. This is an amicable process and protecting the well-being of our children remains our top priority, especially during this time of transition. We thank our family, friends, and fans for their kind words of support. And for our children¹s sake, we appreciate you respecting our privacy."
According to Saturday's TMZ report, Klum is preparing to file the necessary paperwork with the L.A. County Superior Court and could do so as early as this week. Sources say the German beauty will cite "irreconcilable differences" as her reason for splitting with the British musician.
The 'Project Runway' host and 'Kiss From a Rose' balladeer have three children together, as well as one from Klum's previous relationship to Italian businessman Flavio Briatore.
The news comes as something of a surprise, as Seal and Klum were known as one of the world's most romantic celebrity couples. After marrying in May 2005, they renewed their vows each year, and speaking with The Independent in February 2011, Klum gushed about her hubby.
"He has infinite amounts of love and patience for our kids," Klum said. "He puts me and the children first."
Watch 'Heidi Klum and Seal Confirm Split'