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Taylor Swift, Calvin Harris fans will freak out over this relationship news

For Cailyn Cox, writing isn't just a hobby, it's her life. Passionate about Hollywood, she makes it her mission to find the most entertaining celebrity gossip for SheKnows readers. And when she's not enthralled in the celeb world, she's ...

Taylor Swift could soon be sporting a diamond ring, if these relationship rumors are true

Taylor Swift and Calvin Harris are just about the cutest celeb couple out there, and if these new reports are correct, then they are planning to take their relationship to the next level very soon.

More: Calvin Harris calls his relationship with Taylor Swift 'ridiculous'

The couple looks super happy together, with Harris previously admitting during an interview with KISS FM UK that their relationship is "going absolutely fantastic." The pair has been official only for about four months, but could wedding bells be in the near future? According to one new report, it's certainly a strong possibility.

Life & Style magazine, via International Business Times, claims the Scottish DJ has his sights set on a diamond ring, and no expense will be spared because the sparkler fetches a pretty hefty price tag — $500,000 to be exact.

More: Is Calvin Harris' Armani ad the hottest celebrity underwear ad yet? (POLL)

"Taylor loves chunky rings, so he wants to go big," the source reportedly told the magazine. "He's looking at cushion-cut centre [sic] stones and is willing to drop at least $500,000."

But there is one small dilemma: Where in the world would he pop the question?

The "Bad Blood" hit maker apparently has so many favorite places that this could get a little complicated.

"He's on the fence because Taylor has so many favorite places," the source revealed. "He thought of romantic Paris or Italy, but now he's leaning toward Nashville, where she has one of her homes."

And, according to Hollywood Life, a source has revealed that if Harris were to ask Swift to be his wife, she wouldn't hesitate to say "yes."

"Even though they haven't been together that long if he did ask her tomorrow she'd say yes, she's just so happy with him. Taylor doesn't think it's a sure thing, she's not that cocky, but she has a really good feeling that they will end up together," the source said.

With reports being written about Swift and Harris on pretty much a weekly basis, there is a chance that this report is just hot air. But we, for one, would love to see an engagement in the future of this Hollywood couple.

Do you think Calvin Harris is the perfect man for Taylor Swift? Let us know your thoughts in the comments below.

Taylor Swift could soon be sporting a diamond ring, if these relationship rumors are true

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