According to the magazine, Perry, 28, and Mayer, 35, are leaving the future open, but for now are focused on work. Perry is currently recording her third studio album and Mayer is preparing for an upcoming tour.
The couple began dating in June and briefly split in August. Perry was previously married to Russell Brand, while Mayer is notorious for his past relationships with Jennifer Aniston and Jessica Simpson.
An email to both of the celeb's reps was not immediately returned.