Rumours first surfaced on Tuesday that the Men In Black star had separated from Jada after 13 years of marriage.
The couple have since denied the claims, releasing a joint statement to assure the public that the two are still happily married.
"Although we are reluctant to respond to these types of press reports, the rumours circulating about our relationship are completely false," the statement read.
TMZ caught up with the actor while he was out shopping earlier this morning, asking him to comment on the "ridiculous" reports.
"You just did," Smith responded, agreeing that the rumours are unfounded.
In addition, the website writes that Jada, who was shopping with her husband, referred to him as "baby" in the presence of the reporters.
Will's son Trey quickly shot down the split claims on Tuesday, taking to Twitter to label the reports as "false information".