A rep for the 28-year-old actress confirms to E! News the couple, who have been dating since November 2011 and live together, are officially engaged.
According to People, the engagement came shortly after the holidays and a source close to the lovebirds tells the mag they are "so excited and very, very happy."
The news comes just after Olivia personally took to Twitter to deny engagement rumors back in December. The People Like Us actress took it upon herself to tweet: "No I'm not engaged but I AM at the Stones show and holy sh-t Ronnie Wood you got style, boy. It's just a fact. Trying to score a shoe pic."
We're glad she got her engagement after all!
And now, where's that ring pic?!