And is she pregnant also? Ashlee has been photographed recently wearing what looks like an engagement ring. Ashlee and boyfriend Pete Wentz, Fall Out Boy’s bassist, are one of those inseparable celebrity couples. They are always seen together, all sweet and cuddly, in various social events. Pictures of the two have been sprouting up like mushrooms in many fan sites. They practically spend very moment together. So an engagement is possible right? The news that Ashlee may be pregnant is not so far-fetched too.

But Ashlee is quick to set the record straight on those pregnancy rumors saying, “No, I’m not pregnant.” in some interviews she granted.

She has also said that the supposed engagement ring is actually a promise ring given to her by Pete. She actually had the ring for quite a while now and it just means that Pete “…hasn’t asked my dad yet”, she explained.

But what do you make of the recent blog posted by Pete announcing the couple’s plans to make something that can’t be illegally downloaded. This announcement hinted at a baby on the way, don’t you think? The video message also showed Ashlee posing with a cushion stuffed under her shirt. Maybe the couple just wanted to have some fun, joking around for the benefit of their fans.

What do you think guys? Is the couple hiding a secret which will be revealed in nine months? Let’s just wait and see if further developments on this rumor surface.