Taylor Swift and Conor Kennedy might very well still be an item.

An insider says that the couple concocted the break-up story to throw the family off their trail. OK magazine quotes a source saying, "The lovers hatched the scheme because the Kennedys were putting huge pressure on Conor, saying he needs to concentrate on getting through high school and into a top college."

The cause of the alleged break-up was supposedly distance -- especially with Taylor all over the world promoting her album Red, and Conor in boarding school.