Is Steven Tyler Engaged?

12/28/2011 at 01:30 PM EST

Steven Tyler, Erin Brady Engagement Rumors
Erin Brady and Steven Tyler
Splash News Online
Aerosmith lead singer Steven Tyler may be ready to walk this way down the aisle for the third time.

His girlfriend Erin Brady, 38, flashed a diamond ring on her engagement finger while in Maui during their Christmas vacation, sparking Internet reports that a wedding is in the works. The large diamond solitaire was hidden from view when the couple passed through the airport, but became visible when they posed for photos with fans.

The American Idol judge, 63, has been dating Brady for five years. His last marriage, to clothing designer Teresa Barrick, ended in 2006. He was married to Cyrinda Foxe, an ex-Warhol model, from 1978 to 1987.

Tyler's rep had no comment.

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