Lindsay Lohan is one step closer to getting a stepmom.

Michael Lohan and his fiancée, Erin Mueller, gave E! News an exclusive look at her engagement ring at the West Hollywood exhibit opening of Human Footprint: The Impact.

But hold off on those gifts just yet.

"We haven't announced it yet, but she's had it for a couple of months," papa Lo said of the rock, estimated to be 3.45 carats.

LiLo is allegedly aware that her dad planned on popping the question, but doesn't know yet that he's taken the plunge.

However, it's a déjà vu for us, as Lohan told E! News in August, "We picked out a ring, but it's not official."

 At which time we pondered: If confirming to a major media outlet doesn't constitute an official announcement, what does?

 We're still waiting for an answer on that one.

Reporting by Elizabeth Chambers

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