One of Hollywood's cutest couples isn't engaged just yet.

On Wednesday morning's Today show, Alex Rodriguez decided to co-host for an entire hour with Kathie Lee Gifford and Hoda Kotb.

While sitting at the table—with a few drinks nearby—the former MLB player couldn't help but address the rumors surrounding his relationship status with Jennifer Lopez.

"By the way, we love Jennifer and we noticed she had a ring on. We saw it in the picture. It's so beautiful," Hoda shared as photos from the singer's birthday party flashed on the screen. "I wonder if Alex got that for her for her birthday. Then we're like, what finger is that on? Now we're wondering, what is going on here?"

Are you ready for the truth?

Jennifer Lopez, Alex Rodriguez

Katch International/REX/Shutterstock

"I did give her that ring. I gave her that ring probably about four or five months ago," Alex confessed. "So I got her that ring. She loved it and look how beautiful she looks."

But what about the significance, Alex? The fans want to know.

"Of course it has a significance," he shared. "[But] no, we're not engaged. We're not engaged."

Instead, the A-list couple continues to savor their time together that most recently included a family-friendly birthday trip to the Bahamas. When Kathie Lee and Hoda brought up how happy everyone looks, the businessman explained why the relationship works.  

"To be honest, if this happened when we were in our 20s, it would have never happened. It was just too much craziness. I wasn't mature enough," Alex explained. "Boys, we've got to get our dumbness out of the way."

He continued. "We're in our 40s. We're both from New York. We both come from Latino backgrounds. Both have two kids. We've both been through a lot and can really appreciate each other for the good and the challenges."

Watch Alex return as a special guest co-host on Today Thursday morning at 10 a.m. PST.

(E! and NBC are part of the NBCUniversal family)

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