The separated couple's relationship has been on and off in the past couple of years.
The former couple were last photographed publicly at the 2018 Met Gala but were spotted having dinner together only three weeks again, E! further reports.
"Cassie is going to focus on her music and acting career", the source adds.
In 2013, Ventura told Madame Noir that "Just being around [Combs] is a completely inspiring experience".
Diddy and Cassie went public with their romance in 2012 after years of specualtion they were dating. That was one of the only interviews that Cassie ever gave about her now-ex.
Since the news broke on Wednesday (Oct. 17), Twitter has been popping with reactions. Most people on social media have been talking about how the two dated for so long but never got engaged.
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Amusing enough, tweeps felt that Diddy has been talking about his plans for Cassie in his music. but as usual the whole world was sleeping on him.
You can see some of those posts below.
Diddy and Cassie are yet to officially respond to the growing rumours.
The pair have consistently been on-and-off in their relationship that was only confirmed a little over six years ago.
Neither Diddy nor Cassie have released any kind of statement about their split.