Ashlee & Pete Engaged?

(Fuse/David S Rubin 2008)

When singer Ashlee Simpson paid a visit to Fuse TV's The Sauce on Wednesday to promote her upcoming album, Bittersweet World, the little sister of Jessica Simpson had some big news to share.

Noticing a bright bit of bling on the singer's hand, Sauce host Jared Cotter asked if those diamonds on her fingers meant anything significant. At first, the 23-year-old joked, saying,"No I'm not pregnant" before admitting that it is indeed a promise ring from her boyfriend of over a year, Fall Out Boy's Pete Wentz.

But being careful not to say too much with her father and manager Joe Simpson waiting in the wings, Ashlee clarified, "It just means that he hasn't asked my Dad yet..."

Hey Pete... If she's got the ring, and her pop obviously knows about it, what's the holdup?

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