Rumor Mill: Mariah Carey & Nick Cannon Engaged!

The rumor mill is in overdrive now that sources are confirming to Access Hollywood that Mariah Carey, 39, and actor Nick Cannon, 27, are indeed tying the knot.

Speculation that the two were an item began last week when Mariah began flashing a giant diamond ring on her left ring finger at the NYC premiere of her upcoming film Tennessee.

When OK! asked the pop singer about what she's looking for in a man, she responded, "Who said I'm looking?" When pressed if the man she's already found is Nick , Mariah played it coy and just smiled.

Mariah had previously been married to record executive Tommy Mottola. And until recently she was dating record producer Mark Sudack. Meanwhile, although Nick has never walked down the aisle, he was engaged to Victoria’s Secret model Selita Ebanks last year.

Reps for the pair have yet to confirm the engagement.