The crooner reportedly popped the question to his Argentinian girlfriend over the holidays.
Sources tell Star magazine Michael proposed to 22-year old Luisana Lopilato with a Tiffany ring, and she tearfully accepted.
"He proposed in Argentina, in front of Lu's whole family," a close pal says. "They both cried — they're ecstatic."
After the engagement, Michael reportedly whisked his fiancé off to Hawaii, where they stayed in a Maui beachfront mansion owned by friends.
Sources say Michael was so excited to share the news with people on New Years day at Maui’s Spago restaurant.
“He was introducing Lu to everyone in the restaurant, proudly proclaiming, 'We're engaged,'" says the source. "He was so happy to show her off.
“The next day Michael was sad because he had to put Lu on a private plane to Buenos Aires — she stars in an Argentine TV soap opera and she had to be on set. But she’ll be back in Vancouver or Los Angeles with him in a few weeks.”
The friend says the couple are thinking of tying the knot sometime next year. Congrats!