We're hearing that Russell popped the question while the two were vacationing in the UK this past week and she said yes!
However, all didn't go as well as Russell probably hoped. He's going to have to do a little more shopping this week as Katy reportedly wasn't too thrilled with the expensive Cartier ring he gave her.
Now, he's on the hunt for something else to give to her on New Year's Eve!
Seriously? We want more details Katy!
Update: Sources reveal exclusively to us that Russell did NOT propose. Guess it's not time yet.
[Image via WENN.]