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Cameron Diaz & Benji Madden Are Engaged – See Her Ring!

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Jan. 28 2015, Updated 2:03 p.m. ET

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is ready to take the next step in her relationship with boyfriend Benji Madden down the aisle! Reports claim that the Annie actress and Good Charlotte rocker are engaged.

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Love has been in the air for the duo since they first stepped out together in May. "Everyone thinks it's wild but are so happy for them," a source told Us Weekly. "Benji always tends to fall in love easily, but this time it's for real and he landed a great girl. They obviously both make each other incredibly happy and there's nothing better than that.”

PHOTOS: See Cameron Diaz's Many Hollywood Loves

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So when will the couple tie the knot? Reports claim that the duo is planning a wedding for “early in the new year. They’ve been telling close friends in recent weeks about their plans, but it’s very hush-hush.”

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So much for hush-hush! The Sex Tape actress has been flaunting a ring on that finger, sparking engagement rumors for weeks now!

OK! News: Cameron Diaz No More! Why She’s Already Taking Benji Madden’s Name

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The cute couple certainly fell for each other fast. An insider told OK! Magazine in June, “Cameron is falling hard for Benji. She’s said that he could be the one and is hopeful that it will be long-term.”

OK! News: Wedding and a Baby for Cameron Diaz!

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This will be the first marriage for both Cameron and Benji. The 42-year-old actress came close a few times, as she was previously linked to Justin Timberlake and Alex Rodriguez.

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What do you think of the engagement? How about her ring? Tell us in the comments below or tweet @OKMagazine!

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