Pete Wentz Ashlee Simpson engagement rumors are back. A Fox News spy recently attended a rendezvous at Hollywood’s Roosevelt Hotel for GQ Magazine and claims Ashlee Simpson was sporting a serious rock.

“Ashlee was very clever in wearing a big diamond on her left hand. But she was absolutely glowing. Friends kept coming up to her and deliberately looking at the ring before hugging and congratulating her. There was definitely something very special going on.”

“Ashlee is pretty convinced Pete is the one. I am sure she is ready to move into the next stage of the relationship as soon as the time is right.”