On Tuesday, TMZ.com reported that Bullock's reps had been in touch with a number of high-end divorce lawyers. The report also stated that representatives for Bullock's husband, Jesse James, had been in touch with lawyers as well, though he would not be initiating the divorce.
James, who's alleged 11-month affair with tattoo model Michelle "Bombshell" McGee rocked the couple's five-year marriage, is still hoping for a reconciliation, according to People magazine.
"He would certainly love for this somehow to go away and that somehow things can be rectified and put back together," a friend told the magazine. "The one thing that's most important to him in the whole wide world is that his family comes back together. He will do whatever that takes."
The friend also added that James is spending "every waking moment" with his three children in the days since the Bullock moved out of the family home on March 15, just days before the infidelity allegations made news.
However, reports are also surfacing that James may have had affairs with women other than McGee.
On "The Early Show" Wednesday, People senior editor David Caplan said James is being implicated in other affairs by "many women" who are coming to media outlets to try to sell their stories of dating him, including a blonde tattooed woman from Huntington Beach, Calif., who claims she had a relationship with Bullock's husband from 2006 to 2009.
"That sort of is the other shoe to drop that people are waiting for," he said.