Miley Cyrus & Liam Hemsworth Not Engaged

Miley Cyrus fiddles with her keys in hand as she leaves a nail salon on Saturday night (January 16) in Toluca Lake, Calif.

Reports have been flying all over the place that Miley and her The Last Song costar/boyfriend Liam Hemsworth are getting ready to tie the knot — which is absolutely FALSE.

Reps confirmed to People that, “Miley‘s not engaged.”

So what fueled the rumors? Miley was spotted out earlier this week with Liam and sister Brandi sporting a ring on her left hand finger.