Powerful duo Taylor Swift and Calvin Harris made headlines this week after they were reported to be living together in the latter's Beverly Hills home. The reports also claim that Swift and Harris are already talking about a possible engagement.

However, a spokesperson for the "Bad Blood" hitmaker quickly corrected the reports on Monday, saying there's no truth behind the rumors. Swift and Harris are not living together and the former didn't move into the DJ's home.

Meanwhile, E! News said that the A-list couple may be getting engaged soon now that Swift's 1989 World Tour has already wrapped up.

"They are definitely talking about their future together and the possibility of one day getting engaged," a source said to E! News.

The rumors of the couple living together as well as their engagement follows their sweet holiday vacation in Vail, Colorado together with Swift's family. The pair shared photos of their holiday trip on social media. On New Year's eve, they joined the celebration in Las Vegas Omnia nightclub. The 31-year-old and the pop superstar enjoyed partying with Swift's new close pal Ruby Rose and brother Austin Swift, according to Daily Mail.

As for the speculations that Swift and Harris are now planning for their life together, an insider told PEOPLE that "they are happy and in no rush to settle down."

Meanwhile, Swift has been nominated seven times in the Grammy's for her album "1989." She also recently released her latest music video "Out of the Woods" which is said to be trending in YouTube.

Swift and Harris made their romance public in March of last year. They were hit by split rumors due to their busy schedules, but they have proven that their relationship would last. The 26-year-old songstress previously dated One Directioner Harry Styles and Jake Gyllenhaal.