Ryan Phillippe is Engaged to Paulina Slagter!

Ryan Phillippe and his longtime girlfriend Paulina Slagter are engaged!

People confirmed the happy news on the evening of Monday, Dec. 28 after Paulina was spotted donning a diamond engagement ring during a lunch outing in Miami earlier this week.

Ryan and Paulina in December 2014.

Ryan, 41, reportedly proposed to the 24-year-old law student over Christmas after a four year courtship and the pair will ring in the New Year in Miami together.

The Crash star was previously married to Reese Witherspoon — with whom he has two children, daughter Ava, 16, and son Deacon, 12 — from 1999 until 2007. He is also a dad to a four-year-old daughter, Kai, from a previous relationship with actress and singer Alexis Knapp.

Congrats to Ryan and Paulina on their engagement!