A Victoria's Secret model is back on the market.

Adriana Lima and her professional basketball player husband, Marco Jaric, have split after being married for 5 years.

The couple confirmed the separation news to People Magazine in a joint statement.

"After long and careful consideration, we have decided to separate after five years of marriage," the statement read.

"We are grateful to be the parents of two incredible young daughters that we will continue to co-parent," it continued. "We would greatly appreciate your respect for our family's privacy as we begin this delicate next chapter for all members of our family."

The 32 year-old model and the former NBA player (35) got engaged in 2008 before tying the knot in Jackson Hole, Wyoming, on Valentine's Day in 2009.

They both share daughters together, Valentina, 4, and Sienna, 1.

The couple spoke of their relationship to Hello! Canada back in 2010 when their first child was only 8 months old.

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"We're opposite in some things, but that's good. There's a sparkle in our marriage," Jaric said. "We match unbelievably well and we have a great adventure together."

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"He's been the greatest," Lima added. "I'm so lucky. After the birth, he helped me so much. He would help me feed her, change the diapers-actually, he was better than me at changing her! He's still great. He's always there and he loves Valentina so much. I can see it in his eyes every time he looks at her. He's so happy."

Watch Adriana Lima show off Victoria's Secret underwear in New York