And the reason why? Liam was spotted mysteriously wearing a band on his ring finger, while Miley was seen wearing a diamond sparkler on her finger in another pic from the same day.
Turns out, the two are still just engaged and from what we hear, will most likely get married in Palm Springs this June, which means those rings aren't the real thing just yet!
The two have been rumored to hit up jewelry designer Neil Lane, the same jeweler behind her vintage engagement ring, to custom-design each other's rings that are said to be "classic, but unique" like their upcoming nuptials.
The big question is will Miley go big or go REALLY BIG??
[Image via Miley Cyrus' Twitter.]