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Karina Smirnoff, Brad Penny

Gustavo Caballero/Getty Images for ESPN

Karina Smirnoff's latest situation? Engagement!

The recently-axed Dancing With the Stars pro tells E! News she and her fiancé, St. Louis Cardinals pitcher Brad Penny, are set to tie the knot—and soon...

"I'm so happy!" Smirnoff gushed Saturday night at Tao Las Vegas' five-year anniversary celebration.

And so what is the happy couple has only been betrothed since early October? The Dancing darling revealed that a lavish wedding with her baseball stud of a husband is just around the corner.

"I want a destination wedding where everyone can go to Cabo," she said excitedly, showing off her gorgeous diamond engagement ring from Penny. "We're thinking Jan. 7."

Wishing happy New Year's nuptials to the twosome!

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