Benji Madden and Cameron Diaz are set to tie the knot. Diaz had flashed quite the huge engagement ring early this month while shopping in West Hollywood thus sparking reports about being engaged. Another report swirling about Diaz is that she's allegedly pregnant. How true are the reports?

After months of dodging reports about the status of their relationship, Benji Madden and Cameron Diaz have finally revealed the truth. The couple are set to wed, but have yet to confirm when. A close friend of Madden had talked about the proposal in a report by People magazine.

"It happened a few nights ago," says a close source, adding, "All of Benji's friends are aware and happy for him."

Benji Madden and Cameron Diaz started dating seven months ago. The couple were first spotted out and about in April. Diaz was linked to the Good Charlotte singer thanks to his brother's wife, Nicole Richie. Richie had been married to Benji's brother since Dec. 2010.

Well, Benji Madden and Cameron Diaz might as well add Richie to the official entourage list. Aside from their engagement, the couple is already working on their wedding plans despite the relationship being fairly new.

"Everyone thinks it's wild but are so happy for them," says a source to Glamour Magazine UK, adding, "Benji always tends to fall in love easily, but this time it's for real and he landed a great girl. They obviously both make each other incredibly happy and there's nothing better than that."

The couple are yet to comment on the reports of their engagement and upcoming wedding. Nonetheless, another rumour about Benji Madden and Cameron Diaz has also been circulating on the web.

Benji Madden and Cameron Diaz are said to be celebrating over the latter's pregnancy. Finally, at the age of 41, Diaz is said to be carrying Madden's kid. Reps for the couple are yet to comment on this rumour as well.