The couple, who was first spotted together back in January, are getting so serious that they're talking about marriage and kids, a source tells E! News.
"They are in love and happier than ever," the source reveals. "[Orlando] would like to get engaged to [Katy] before the year is up."
So does the couple want to wait to have a baby until after they tie the knot?
Watch the E! News video above to find out and to learn more details about Bloom and Perry's relationship!