Ashlee Simpson and Pete Wentz Engaged!

In Touch Weekly is reporting that Ashlee Simpson and Pete Wentz are engaged!

Apparently, Wentz got down on one knee to ask. Awwww. Ashlee’s rep even comfirmed the engagement.

Ashlee (23) and Pete (28) have been dating since October 2006.
CONGRATS Ashlee and Pete!!

Update: The couple has just released a statement!

They say….

“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, but we wanted you to hear it straight from us. – Ashlee and Pete”