Julia Foxis clearing the air.

A source told PEOPLE Friday that Fox and West’s whirlwindromance, which began after they met in Miami on New Year’s Eve,may be winding down.

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“Kanye and Julia both have separate busy lives. Julia lives in New York City and Kanye has been in Los Angeles. The distance makes it hard,” the source said. “They are still in touch and will see each other when they can. Kanye really likes her. It’s fair to say that they have cooled off a bit, though.”

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Julia Fox

West, 44, and Fox — whom she dubbed “Juliye” —made their red carpet debut as a coupleon Jan. 23 at Paris Men’s Fashion Week. He later helped the actress celebrate her 32nd birthday on Feb. 2, arranging for an “extravagant” celebration at Lucien in New York City, asource told PEOPLE at the time.

Kanye West and Julia Fox.Marc Piasecki/GC Images

Kanye West and Julia Fox are seen on January 23, 2022 in Paris, France.

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Fox recently praised their relationship when she said they’d been having “a lot” of " ‘us’ and ‘we’ conversations." Shesaid on theCall Her Daddypodcast: “He wants me to be the best version of myself. That is always the conversation. Always. Like how am I gonna live up to my full potential, which I think is amazing.”

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Westsplit from wife Kim Kardashianin February 2021 after nearly seven years of marriage. She’s beendating comedian Pete Davidsonsince October.

source: people.com