Written by Melanie Burton, April 19, 2016

It sure looks like it!

Earlier today, Karlie Kloss posted a snap of herself, Taylor Swift and a few other squad members, watching Calvin Harris’ Coachella set over the weekend.

But eagle-eyed fans quickly noticed that Taylor was wearing what looked like a huge sparkling engagement ring on her left hand! On that finger! WTF?

Coachella ✅

A photo posted by @karliekloss on

Taylor and Calvin have been super loved-up for months, so everyone is expecting an engagement announcement soon! So is this it?

Well, a source close to Tay reportedly told the Daily Mail that it’s not an engagement ring – but we won’t believe it until we have official proof that it’s not the real deal!

❤️

A photo posted by Taylor Swift (@taylorswift) on

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