It's not a secret that Nick Jonas and Olivia Culpo are one of the cutest couples in Hollywood these days. The former Jonas Brothers member and Miss Universe 2012 have been spending a lot of time together and it looks like their relationship is only getting more serious.

Recent reports are stating that Jonas might be ready to pop the question to his longtime girlfriend and will be proposing on Valentine's Day.

Jonas is allegedly ready to settle down and wants to propose to Culpo on the day of love and is having his whole family in on the big secret.

"Nick has been ring shopping for months and wants to pop the question to the Miss Universe 2012 titleholder during a romantic dinner," said a source to Star magazine. "The entire Jonas family is in on the big secret. Everyone adores Olivia and thinks they are perfect for each other. Nick's never been the player type. He values his religious beliefs and knows that he's ready to settle down."

Despite both of their busy schedules, the two manage to make their relationship work and keep the intimacy level at a high. In an interview with Wendy Williams, Jonas was asked about having to publicly talk about his purity ring and his virginity.

"I don't regret it. I think it was an important part of my childhood and it was that. As I grew up, I sort of figured out what was important to me and my own belief system," said Jonas. "We all grow up and we all live life and find out what's important to us, that's what happened. I went on that journey myself and now I'm comfortable with who I am and what I believe in and I'm an adult."

William asked Jonas what it really meant by taking off his purity ring, to which he replied, "Am I still a virgin? No, no. As I said, I'm an adult in all ways and comfortable with who I am."

In a previous interview with Attitude magazine, Jonas stated that he thinks it's important to be intimate with his partner and believes sex is "healthy."

"Sex is such an important part of a healthy life, in the sense that it's such an intrinsic part of who you are," said Jonas. "When your sex life is not healthy, you resort to other things as an outlet. And in terms of the show, that's tough to watch."

The 22-year-old previously revealed that he believes marriage is "ideal" and would love to wed his girlfriend one day.

"At some point. It would be ideal [to settle down], but we're still quite young and we're going on a journey," said Jonas

This article originally appeared on fashionnstyle.com