Los Angeles: The singer had hoped to reconcile with estranged wife Gwyneth Paltrow, but after becoming involved with Jennifer, he has abandoned attempts to save his marriage.
The 37-year-old rocker split from Gwyneth Paltrow - with whom he has Apple, 10, and Moses, eight - in March following 10 years of marriage.
"Chris is in love. There was a chance of working things out with Gwyneth, but not any more. It seems likely that Chris and Gwyneth will soon formally divorce. It would be fair to say Jennifer has more than a few belongings at his place.
"It's early days but friends are getting excited about a potential wedding - it's that serious," said the source.
Meanwhile, Jennifer and Chris are yet to comment on their relationship status.
Coldplay frontman Chris Martin has fallen head over heels for actress Jennifer Lawrence and, according to sources, they are planning to live under the same roof.
This week the 24-year-old Oscar-winning actress was spotted close to Chris' 10-million-pound home in Malibu, and friends say she is there "all the time", reports mirror.co.uk.
"This is it for Chris. He adores her and they've become inseparable. She has pretty much moved in," said a friend.
The 37-year-old rocker split from Gwyneth Paltrow - with whom he has Apple, 10, and Moses, eight - in March following 10 years of marriage.
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"It's early days but friends are getting excited about a potential wedding - it's that serious," said the source.
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