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JLo and A-Rod

Related Topics: Jennifer Lopez, Alex Rodriguez

Jennifer Lopez and Alex Rodriguez say reports of their demise as a couple have been greatly exaggerated -- well, maybe just exaggerated -- because they say they are still fighting to stay together ... TMZ has learned.

Both JLo and A-Rod tell TMZ, "All the reports are inaccurate. We are working through some things." We're also told what they're working through has nothing to do with a third party.

Sources connected to the couple made it clear to TMZ and other outlets Friday ... the couple had called off their engagement and broken up.