A source tells PEOPLE in this week's issue that Jennifer Lopez thinks she and Ben Affleck have "been given a second chance" at their relationship

Julio 21, 2021
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Jennifer Lopez and Ben Affleck are serious about their rekindled romance.

A Hollywood insider tells PEOPLE in this week's issue that the pair "are madly in love" and "the loves of each other's lives."

The couple originally began dating in July 2002 and got engaged that November before postponing their September 2003 wedding days before the date. They ultimately called off their engagement in January 2004. They were first spotted spending time together again in April.

A source close to Lopez, 51, and Affleck, 48, says Affleck is "very happy" with Lopez, and that "she's wonderful for him."

"They want to do everything they can to make this work," adds a Lopez source.

Ben Affleck JLo People cover 08_02_2021

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Sources also tell PEOPLE that Lopez's son Max and daughter Emme, 13, are "slowly getting to know" Affleck," and that "everything seems to be running smoothly" as she house hunts in Los Angeles.

"Emme and Max are on board with starting fresh in L.A.," says the Lopez insider, adding that the twins will also continue to spend time in Miami with dad Marc Anthony.

Of the connection between the Hustlers star and two-time Oscar winner, the Lopez source says: "Even though their split many years ago was devastating for Jennifer, she has never had a bad word to say about Ben."

"She believes that it just wasn't meant to be then and feels like they've been given a second chance," they add.

Jennifer Lopez and Ben Affleck showing their love while walking at the Hamptons Beach New York a day before of the 4TH Of July
Credit: Elder Ordonez / SplashNews.com

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Following Affleck and Lopez's respective splits from Ana de Armas and Alex Rodriguez earlier this year, the two have spent as much time together as possible.

A source recently told PEOPLE that "their relationship is very strong" as the two have been spotted hanging out together, including spending time with each other's children. (Affleck is dad to daughters Seraphina, 12, and Violet, 15, plus son Samuel, 9, with ex-wife Jennifer Garner.)

Today co-host Hoda Kotb told Lopez Tuesday on the show that she noticed Lopez looks a lot happier in recent photos of her rekindled relationship. She then asked the singer to confirm or not, saying, "Are you happier?" before Lopez dodged the question like an expert.

"You can call me. You have my number!" she joked to Kotb, 56.

For more about Jennifer Lopez and Ben Affleck, pick up the latest issue of PEOPLE, on newsstands Friday.

This story originally appeared on people.com