Just in: Ashlee Simpson is engaged to boyfriend Pete Wentz. “He got down on one knee and she said yes,” a family friend says. “She has an amazing ring, and they are so in love.”

The couple went away to Colorado just days ago where Pete’s brother had an art exhibit, and that is where Pete, 28, popped the question to Ashlee, 23.

The couple that started dating in October 2006 but no wedding date has been set yet.

The couple also confirmed the engagement with the following statement: “We know there has been a lot of speculation recently about Pete and I and we wanted our fans to be the first to know, because you guys are the best. Yes, we are thrilled to share that we are happily engaged. Thank you for all of your support and well wishes - it means the world to us. We consider this to be a very private matter, and we wanted to be the first to tell you and to hear it straight from us.”

Congrats Pete and Ashlee!

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