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Scarlett Johansson, Ryan Reynolds engaged

The Associated Press

3:27 PM EDT, May 5, 2008

Oscar presenter Scarlett Johannson arrives for the 77th Academy Awards Sunday, Feb. 27, 2005, in Los Angeles. (AP Photo/Amy Sancetta)

We are sad to report that two of Hollywood's hottest commodities are off the market. That's right, after just over a year of dating and numerous rumors preempting the fact, Ryan Reynolds and Scarlett Johansson are engaged.

Details of the proposal have yet to be released, but Reynolds, 31, is said to have popped the question "recently."

Johansson's rep tells People magazine, "They're both thrilled," and have not yet set a wedding date.

According to reports, Johansson, 23, was expected to make her first appearance with her ring at Monday night's Metropolitan Museum Costume Institute Gala in New York. Sources tell the mag The Other Boleyn Girl star was eager to "show off her rock" with her Dolce & Gabbana gown.