American Pie star Tara Reid has brushed off rumors she is engaged to her internet entrepreneur boyfriend after she was spotted sporting a large pink diamond on her ring finger.

The actress met German businessman Michael Axtmann earlier this year after she was released from a spell in rehab to treat her alcohol addiction. The pair has been dating ever since, and sent gossip mongers into overdrive when Reid was pictured wearing a massive pink sparkler on her left hand earlier this week.

However, Reid insists they have no plans to wed in the near future, confessing the big jewel was just a generous birthday gift from her lover. She tells People.com, "I got a beautiful ring from my boyfriend for my birthday last weekend. But we're not engaged... yet!"

Reid was previously engaged to TV host Carson Daly.

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(This news article provided by World Entertainment News Network)