As Gwen Stefani and Blake Shelton’s romance heats up, a report claims the “Used to Love You” singer may be engaged to her boyfriend. The report comes amid several rumors over the past few weeks that Stefani was pregnant with Shelton’s child.

Speculation about Stefani and Shelton’s engagement surfaced after the former was spotted flashing a diamond ring on her ring finger during an event last week. OK! Magazine claimed that the ring could be a proposal gift from Shelton. However, Gossip Cop debunked the report.

“When she was getting out of her car for the after party, the big diamond sparkler was in full view and it looks her country man, 39, didn’t skimp on the carats,” OK! Magazine reported, according to Gossip Cop.

The report about Stefani’s engagement comes just days after People magazine reported that wedding bells could be around the corner for the couple.

"Gwen thinks of Blake as the biggest blessing," a source close to Stefani told People magazine. "They share both good life experience, like work, and bad ones, like their divorces." After her split from ex-husband Gavin Rossdale, "she was questioning if she would ever meet someone that would accept her boys," the source added.

Another insider reportedly said that Shelton, who split from Miranda Lambert in July, "had no hesitation" when it came to Stefani's three children Kingston, 9, Zuma, 7, and Apollo, 2, and actually "loved it."

The couple is "not putting pressure on themselves" and are "just enjoying life together," the insider said, adding that their friends see a "longterm future" for Shelton and Stefani. "They seem too perfect for each other for it to just be fluke. For now, they seem happy with their relationship, but Blake is old-fashioned and a future engagement seems very possible."

Shelton and Stefani made their stunning red carpet debut last Sunday night at the Vanity Fair Oscars party. Their appearance together came amid rumors that Stefani wanted to split with Shelton because of the “Sangria” singer’s ex-wife.

Stefani was also recently surrounded with rumors that she was pregnant with Shelton’s twin children and was spotted hiding a baby bump. Other than rumors about her pregnancy, Stefani’s alleged miscarriage also made headlines of a tabloid report.