Hailey Baldwin and Shawn Mendes only recently confirmed their relationship but rumors are already swirling in regards to a possible engagement between them.

According to a new report, Baldwin sparked rumors of a potential engagement during a recent trip to Miami. There, she was photographed spending time with friends on the beach and sporting a suspicious ring on her left-hand ring finger.

In the photos shared by Hollywood Life on Jan. 2, Baldwin is seen walking on the beach with a massive diamond ring on her finger as she showed off her pink hair and matching pink bikini.

As the outlet pointed out, however, Baldwin's boyfriend was nowhere in sight and also seemingly skipped out on spending the New Year's holiday with her. Instead, Baldwin spent New Year's Eve with her friends at LIV Nightclub, where Kylie Jenner's boyfriend and baby daddy, Travis Scott, was performing.

Baldwin and Mendes were first linked to one another several months ago after being spotted getting cozy with one another at a Halloween party in Los Angeles.

“He was holding her hand and putting his hand on her lower back to guide her through the party,” an insider told Hollywood Life at the time. “He was very comfortable showing her affection and she loved the attention, looking at him adoringly. He had his arm wrapped around her, keeping her close. At the end of the night, he took her by the hand and they left together.”

As the report revealed, Baldwin was hosting the party at Delilah nightclub in West Hollywood with her famous friends, Kendall Jenner and Justine Skye.

Baldwin was linked to Justin Bieber in 2016 but after celebrating the holidays together, the couple seemed to go their separate ways. Then, months later, as Bieber seemingly moved on with Kourtney Kardashian, Baldwin was briefly linked to Drake. As fans may know, Drake has since been linked to Baldwin's longtime friend Bella Hadid.

While Baldwin hasn't said anything publicly about her relationship with Mendes, she made it quite clear that they were dating during a recent visit to his hometown in Toronto, Canada.

Prior to her relationship with Mendes, Baldwin was linked for several weeks to YouTube star Cameron Dallas. However, after being spotted with one another post the Met Gala last May, the couple appeared to go their separate ways.