Kelly's French beau had sparked speculation he had popped the question, after sharing a sultry snap of Kelly wearing a diamond ring on her engagement finger while lying in bed with him.
Since then, rumours have been rife that she and Jeremy are getting married, but Kelly has now dismissed such claims revealing her ring is just a gift and not an engagement ring.
According to The Daily Star, she addressed the rumours while appearing on BBC's Asian network. Kelly explained: "Jeremy bought me a lovely ring but we're not engaged. I only wear it on that finger because it doesn't fit on the others."
Kelly's comments come after a friend of the model seemed to confirm her engagement. They had previously told The Sun: "Jeremy is absolutely lovely. We're so happy for her. Have you seen the engagement ring?."
However, Kelly recently hinted she would never marry, after sharing a telling photo to Instagram.
The 36-year-old had captured the front of a card that read: "Once upon a time, a man asked a girl to marry him, the girl said "no!" And she lived happily every after, and went shopping, dancing and drinking. She always had a clean house, never cooked and looked fabulous all the time. The end."
Alongside it, Kelly told her followers: "My Next Autobiography."
While her post seemed to dismiss the idea marriage is on the cards for Kelly, she didn't seem to rule it out in her recent interview.
After coming clean about her diamond accessory, Kelly added: "I'm not sure we're ready for marriage just yet, but we're definitely heading in the right direction. I'm a very loved-up lady right now."
Kelly and Jeremy first went public with their romance in April 2015.
For exclusive competitions and amazing prizes visit Reveal's Facebook page NOW!