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Jennifer Lopez, Alex Rodriguez Moving in Together

Jennifer Lopez and Alex Rodriguez are taking their relationship to a new level.

After confirming their romance in February, it looks like the famous couple has been keeping the fire alive despite their busy schedules. Now, Lopez and Rodriguez are ready to bring their romance to the next level by moving in together.

A source confirmed to Us Weekly on Wednesday that the "On the Floor" singer has decided to sell her penthouse in New York City. She and Rodriguez are currently in the process of finding a new home for them and their kids.

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"Jennifer's place in New York is on the market," said the insider. "Jennifer and Alex are looking at getting a place together in NYC and I think they are looking to buy."

Aside from living under one roof, Lopez and Rodriguez are also planning on becoming business partners in the future. "[Moving in] isn't the only thing they are looking to do together," added the source. "They are also looking at businesses they can invest in together."

Lopez, 48, was married to singer-songwriter Marc Anthony from 2004 to 2014. They are parents to nine-year-old twins Maximilian and Emme. Rodriguez, 42, also has children from a previous marriage. He and ex-wife Cynthia Scurtis are parents to daughters Ella Alexander, 9, and Natasha Alexander, 12.

Earlier this week, Lopez, Rodriguez and Anthony came together to help raise funds for the Hurricane Maria victims in Puerto Rico. Their joint efforts have raised over $35 million to rebuild the island, which was beaten by a hurricane last month.

The "One Voice: Somos Live!" telethon that aired on Oct. 14 was able to raise that amount in a short span of time, NBC announced Monday. It was broadcast on different channels including Telemundo, Univision, NBC and Viacom. Performers during the event included Lopez, Anthony, Mary J. Blige, Maxwell, Stevie Wonder, Chris Martin, Demi Lovato, Gwen Stefani and Maroon 5.

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