Bar Refaeli and Leonardo DiCaprio: Not Engaged

After stirring up wedding rumors during a Sunday afternoon bike ride, reps have confirmed that Leonardo DiCaprio and Bar Refaeli are not engaged to be married.

As previously reported by Gossip Girls, the "Titanic" stud and his Victoria's Secret beauty were spotted tooling around Beverly Hills on Leo’s sport bike yesterday (March 29), with Miss Refaeli exposing a gold ring on her left-hand ring finger.

Quickly dashing talk of a possible wedding, a DiCaprio insider told Us magazine, "No -- he and Bar are not married and not engaged. It was just a ring she was wearing on that finger," the friend adds.

And though they're not yet ready to tie the knot, that doesn't mean that wedded bliss isn't in the cards. Leo previously told press, "I want to get married and have children. I absolutely believe in marriage."

Gossip Girls

Enjoy the pictures of Leonardo DiCaprio and Bar Refaeli out biking (March 29).