Katie Price has confirmed that she has got engaged to her boyfriend of a year Carl Woods.

The couple began dating during lockdown last year and within months had moved in together, begun trying for a baby and even had each other's faces tattooed on one another.

Woods, 31, had been teasing his marriage proposal for some time and in a post on Instagram today, 42-year-old Price announced that they are now officially engaged.

The couple are thought to have received a five-figure sum to discuss the news exclusively with next week's edition of OK! magazine.

"Katie is madly in love with Carl and excited to take the next step in their relationship," a source told The Sun.

"But - ever the businesswoman - she knows this is also an opportunity to pick up an easy pay cheque. Katie won't confirm the news until the cash is in the bank.

"Katie has been down this road many times before but she has no reservations about taking the plunge with Carl.

"She's a true romantic and, in him, she thinks she's finally found the one."

Woods will become Price's fourth husband, following on from Peter Andre, Alex Reid and Kieran Hayler.