It seems Jennifer Lopez could be getting one special gift under the tree from boyfriend Alex Rodriguez this Christmas — an engagement ring! According to a People source, the cute couple could very well get engaged over the holidays this year!

“All the kids want Jennifer and Alex to get married,” the insider shared. “There are definitely talks about getting married, but Jennifer is old-school and will wait for the engagement ring before she entertains any wedding talk.”

J.Lo is a mom to nine-year-old twins Max and Emme from her previous marriage to Marc Anthony. A-Rod is a dad to daughters Natasha, 13, and Ella, 9, with his ex-wife, Cynthia Scurtis.

“They are very happy that all the kids get along and have accepted their new family” the source added. “Jennifer feels Alex is her true soulmate and can’t believe how happy she is with him.”

In October it was reported that the two were already thinking about marriage after just a few months of dating. “There were opportunities for Jen and Alex to work together and get into business before but Alex wanted to hold off until he knew he wanted to get married to her,” a source explained. “Now, Alex is ready to give her roles in some of his businesses so he’s clearly seriously thinking about marriage.”

“They are both very happy and enjoying each other,” the insider added. “When you’re in a relationship and it’s going well, you think about the future. Jennifer has been vocal about wanting to walk down the aisle.”

And with the recent rumors that the duo is moving in together, we won’t be surprised if Jen posts a pic of her shiny bling on Christmas morning. “Jennifer is truly the happiest she has ever been,” an insider revealed to People. “They really just complement each other and make each other better people. She thinks the world of Alex and is very excited about their future together.” We must admit, we can’t wait to see what the future holds for them as well!