Courteney Cox buys Jennifer Aniston a $12,000 Chanel bicycle

Courteney Cox has bought her pal and former 'Friends' co-star a $12,000 Chanel bicycle, it has been revealed.

Cox reportedly shelled out on the expensive pushbike for Jennifer after she expressed an interest taking up cycling.

A source close to the star said: "Jennifer said she wanted to start bike riding because it's such good exercise. So Courteney sent her the new, ultra-chic Chanel bicycle."

The bike features eight speeds, weighs 36lbs and comes complete with a quilted leather seat and saddlebag emblazoned with the famous Chanel 'CC' logo.

The source continued: "Courteney only sent Jennifer the bike two weeks ago but she already loves it! She goes out riding all the time."

Courteney, 43, and Jennifer, 38, have remained close friends since their hit US TV show 'Friends' finished in 2004.

Jennifer has even been on holiday with Courteney, her husband David Arquette and their three-year-old daughter Coco.