However a source told People that even though Megan Fox and Machine Gun Kelly 'plan on spending the future together,' the couple 'are not engaged now.'
Earlier this week Megan, 34, was spotted out in New York flashing a large ring on her left hand, sparking rumors that the Bird Box actor had proposed.
But on Friday she appeared to address the engagement speculation as she posted a picture to Instagram showing her hand sporting a ring on her engagement finger with the words 'F*** YOU'.
'They are very serious and plan on spending the future together. There will be an engagement at some point, but they are not engaged now,' said the People source.
'Megan needs her divorce to be finalized before she can fully move on. She is very happy though,' the insider dished to the magazine.
Her estranged husband Brian Austin Green announced their split last May and she finally filed for divorce the day before Thanksgiving.
Brian and Megan have been married since 2010 and are the proud parents of three sons - Noah, eight, Bodhi, six, and Journey, four.
Megan filed for divorce from Brian in 2015 citing irreconcilable differences, but she was back with him and pregnant with Journey the following year.
Three years after they got back together, Megan took the legal step of filing to dismiss the divorce petition in April 2019.
Before the coronavirus lockdowns Megan and Kelly were in Puerto Rico as co-stars filming their upcoming movie Midnight In The Switchgrass.
Then this May the dynamic duo were glimpsed grabbing takeout in his Aston Martin amid rumors she was self-isolating separately from Brian.
A couple of days later Brian emotionally announced on his podcast ....With Brian Austin Green that Megan had left him.
She has since moved on with Machine Gun Kelly, even getting a tattoo in his honor that reads: 'el pistolero' which is Spanish for 'the gunman.'
Meanwhile Brian had a fling with the Maxim model Tina Louise and is currently dating Dancing With The Stars pro Sharna Burgess.
There were also rumors of a fling with Courtney Stodden after she posted a video of them in a hot tub together, but he has suggested they were never an item.
