No, Olivia Culpo & Nick Jonas Aren't Getting Engaged On Valentine's Day

Olivia Culpo steps up the street style game in a hot pink and white dress while out in Los Angeles on Friday afternoon (January 23).

The 22-year-old former Miss Universe took a quick call while making sure her parking meter was all paid before doing a bit of retail therapy.

PHOTOS: Check out the latest pics of Olivia Culpo

Despite all the rumors floating around about Olivia and her boyfriend Nick Jonas becoming engaged for this Valentine’s Day — they’re not true.

“There’s ‘no truth’ to the Star story,” a rep told Gossip Cop. End of story there.