Is Jennifer Lopez about to drop a major announcement? That's what her fans are trying to find out as there's a new rumor swirling around that says the multi-talented singer and actress might be engaged to her on-again, off-again boyfriend of several years, Casper Smart.

According to Life & Style's print edition last week, Smart popped the almighty question and Lopez finally said yes. The couple has been dating for the last five years and even briefly split up during the summer of 2014.

One source close to the couple dished to the magazine (via The Hollywood Gossip), "They've settled on a secret late-summer wedding at Jennifer's home in [the] Hamptons." They added: "It will be intimate, but there'll be no shortage of glamour."

The insider also explained that the couple wan't planning on a large to-do. "They want to keep the affair fairly low-key (for a celebrity wedding, that is) by limiting the guest list to about 150 people," they said.

Lopez had previously been with singer Marc Anthony before pulling the plug on their marriage back in 2011. Many sources say that the ex-couple are still on good terms as they are co-parenting their 8-year-old twins, Max and Emme, together.

So far neither Lopez nor Smart have made any comments about the engagement rumors. This will be the first marriage for Smart and the fourth one for Lopez.

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Jennifer Lopez, Casper Smart