Not quite, the Melrose Place star's rep tells PEOPLE, contrary to tabloid reports: "Heather Locklear and Jack Wagner are not engaged."
A friend of the couple also said the two had no plans to tie the knot, saying that reports claiming Wagner proposed at a 49th birthday party he recently threw for Locklear were completely false.
"There was no proposal and there is no engagement," the friend tells PEOPLE. "It was a regular birthday party with good friends, candles and a cake, but that's it."
Locklear, 49, has been dating Wagner, 51, for more than three years, and a friend of Locklear's told PEOPLE in 2009 that they were "in it for the long haul."