Nick Lachey and Vanessa Minnillo Get Engaged!

Finally ready to give marriage another go, Nick Lachey has gotten engaged to marry girlfriend Vanessa Minnillo!

Confirming the joyous news, reps for the pair released a joint statement reading, "We're excited and incredibly happy about our engagement and we look forward to a wonderful future together."

Seemingly over the moon over the decision to spend their life together, a source tells Us magazine: "They're so happy, doing great. Thrilled about it."

As for the details, an insider dished that Lachey - who was previously married to Jessica Simpson - popped the question by bestowing Miss Minnillo with an Asscher-cut diamond with baguettes from Bader & Garrin.

Tweeting about the proposal, Lachey wrote, "I popped the question on bended knee. I do a lot of squats so my knees are very strong."