The pair has been dating for a couple of years now and there have been so many engagement and wedding false alarms with them, it took us a second to even believe this one - but it's true! He asked, she said yes and we couldn't be more excited.
How do we know it's not just another rumor? Gaga confirmed it on her Instagram when she posted the pic of her gorgeous heart-shaped ring and the caption, "He gave me his heart on Valentine's Day, and I said YES!"
Taylor also shared this adorable photo of them, where Mother Monster is showing off her gorgeous sparkler and her smile is just as bright as the diamond. "She said yes on Valentine's Day," he wrote.
The singer met the Chicago Fire star on the set of her "You and I" music video back in 2011 and it was pretty evident, even back then, that there were sparks between them.
The pair is usually pretty private about their romance, but in recent months, Gaga has been sharing more cute couple pics and shoutouts to her man.
She also recently told Howard Stern on his Sirius XM radio show that she knew Taylor was "the one" for her. "I have that feeling with him," she told him. "I just know it."
As for any wedding plans, Gaga is not about throwing a huge lavish affair. "You don't know me very well if you think I'm gonna have a big wedding," she said on the show. "If I get married I'm gonna be like hanging out of a pickup truck in a David's Bridal [gown] while my stylist is screaming at me, trying to put a blonde wig on my head!"
Either way, we can't WAIT for these two to be Mr. and Mrs.!