The couple poked fun at a report today pointing out they'd been pictured browsing a jewellery store at a Newcastle shopping centre... and we ALL know what browsing rings at a posh jewellers means when you're a celeb!
But before we could get too excited, Tom dismissed any speculation of an engagement by joking: "Soph's gonna pop the question!"
Sophie simply replied: "Pfff nah."
They aren't the only Love Island couple who sets tongues wagging about a possible engagement this week: there had been whisperings that Scott Thomas was planning to get down on one knee when he tweeted about a very special birthday surprise for girlfriend Kady McDermott!
Fans were quick to wonder if that special surprise would be a diamond ring... but it wasn't (this time!) Instead, Scott had booked a fancy hotel room for the night and luxury spa day for his other half.
Tom and Sophie, and Scott and Kady all met in the second series of Love Island over the summer, which was won by Nathan Massey and Cara de la Hoyde.