Taylor Swift and Calvin Harris potentially tying the knot very soon has gone swirling the web again. A report on the August issue Life & Style Magazine claimed the DJ has a proposal underway.

As reported by Hollywood Life, Harris already knows what ring to get the "Style" singer.

"Taylor loves chunky rings, so he wants to go big," the Life & Style insider said as quoted by the source above. "He's looking at cushion-cut center stones and is willing to drop at least $500,000!"

Swift reportedly won't say no if the proposal does happen, according to Hollywood Life.

"Even though they haven't been together that long if he did ask her tomorrow she'd say yes, she's just so happy with him," the source said. "Taylor doesn't think it's a sure thing, she's not that cocky, but she has a really good feeling that they will end up together."

The entertainment site further reported that an ironclad prenup might come out if a proposal does happen.

"Taylor's worth over $200 million and he's worth about half that, so we're talking some serious negotiations," the source spilled. "Their attorneys aren't taking any chances. It could be the biggest prenup Hollywood has ever seen!"

But while Calvin Harris knew what ring to get, he's still reportedly thinking where to do the proposal to Taylor Swift.

"He's on the fence because Taylor has so many favorite places," the source said as quoted by Mirror. "He thought of romantic Paris or Italy, but now he's leaning toward Nashville, where she has one of her homes."

Harris and Swift have yet to address the latest rumors about them settling down but earlier this month the DJ has spoken that the rumors and news they were being dragged into were becoming "ridiculous."

"It gets more and more ridiculous, you know?" Calvin Harris told Kiss FM UK on rumors about him and girlfriend Taylor Swift. "Whether I'm allergic to cats or [I'm] moving in, and we're getting married next week. It's a lot but you've just got to take it how it is which is that it's a news story that people read but it's just not real life."