Jason Sudeikis and Olivia Wilde
01/12/2013 AT 04:45 PM EST
Saturday Night Live
funnyman Jason Sudeikis is definitely serious about his relationship with actress Olivia Wilde. The actor proposed to Wilde shortly after the holidays, PEOPLE has learned exclusively.
"They are so excited," says a source close to both. "And very, very happy."
Sudeikis, 37, and Wilde, 28, who has said she fell "blissfully, hopelessly, wildly in love"
with the actor, began dating in November of 2011 and moved in together last year.
The couple has been spotted together everywhere from Lawrence, Kan.
, to Austin, Texas, and most recently in Rome
, where Wilde is filming the drama The Third Person
No word yet on a wedding date.
Wilde will next be seen in The Incredible Burt Wonderstone
in March and Ron Howard's Rush
, out in September.
Meanwhile, Sudeikis has the animated film Epic
in May and We're the Millers
, costarring Jennifer Aniston
, which hits theaters in August.