Deadline Hollywood reports:

Management 360’s Evelyn O’Neill tells me it’s a “very amicable parting” and she hopes he comes back since she and Jake Gyllenhaal go back such a long time — 8 years. “Sometimes people like change in their life. I think he’s amazing, I’m very proud of the work he did together, he was nominated for an Oscar, I want him back, and the door is always open. It is what it is.” I understand Gyllenhaal is not leaving for another manager and he’s not leaving his talent agency CAA.

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