Katy Perry, Orlando Bloom gearing up to have 'heart-to-heart' conversation?

Katy Perry and Orlando Bloom are reportedly willing to give one another a chance to clear the air amid breakup speculations.

An insider told The Sun that the couple is ready to sort things out by having a one-on-one conversation.

The confidant revealed, "No one has decided it's definitely the end of the road for Katy and Orlando. They both love each other, but they have been living different lives for at least a year and in different mindsets. But Katy especially doesn't want to just give up."

Katy, 40, is reportedly set to fly back from her Lifetimes tour in Australia to their California residence to spend some quality time with Orlando, 48, and their 4-year-old daughter, Daisy.

"Katy and Orlando have been disconnected for a while now, and with their work commitments have been living separate lives. The plan is for them to reunite over the July 4 break. She has mentioned jetting back from Australia to spend time with Orlando, Daisy, her sister Angela and her kids," the tipster tattled.

The source added, "They have barely been together for a decent amount of time, without distractions, for many, many months. It has been ‘go, go, go’ and they thrived when they enjoyed a more settled life, being together in the same place for a length of time. But that has just not happened."

The insider further shared that there is still "hope that they can ride out this rough patch."

To note, Katy Perry and Orlando Bloom began dating in January 2016 and got engaged on Valentine's Day in 2019.