It turns out that Johnny Depp and Amber Heard are indeed engaged! A source close "The Rum Diary" stars confirmed the big news even thought the pair has yet to confirm or deny whether the rumors are true.

According to Us Weekly, an insider revealed that "The proposal happened a while ago," adding, "She just didn't wear the ring."

The 50-year-old met his girlfriend on the set of their 2011 film while he was still dating Vanessa. Depp and the French singer were together for fourteen years and share daughter Lily Rose, 14, and Jack, 11.

In June 2012 Depp announced his split from Paradis and has been seen with the 27-year-old blonde ever since.

On Saturday, January 11th the Hollywood veteran and Heard made a rare appearance together at the Art of Elysium's 7th Annual HEAVEN Gala in Los Angeles.

While at the event the couple held hands and posed for pictures, they later attended the 2014 Golden Globe Awards on January 12th.

Amber Heard and Johnny Depp will be together once again onscreen as both are set to appear in the film "London Fields" based on the 1989 crime thriller novel of the same name by Martin Amis.

Depp has a cameo on the movie which stars his girlfriend turned fiancé, Billy Bob Thornton, Jim Sturgess and Theo James.

What are your thoughts on Johnny Depp and Amber Heard being engaged? Let us know in the comment section below.

See photos of the engagement ring by clicking HERE.