Paul Walker Not Engaged

 Image by Splash News

Phew, that was a close call! Star magazine reported earlier this week that 'Fast and the Furious' cutie Paul Walker, 35, had proposed to his 19 year-old girlfriend Jasmine Pilchard-Gosnell over the holidays, but it turns out there was no truth to the report.

Its "not true" a source close to Paul told Hollyscoop.com.

The couple have been dating since Jasmine was just 16, but they have no immediate plans to walk down the aisle.

The couple was recently photographed on vaca together in Maui, which is where Paul's 10 year-old daughter Meadow lives with his former girlfriend Rebecca.

Paul introduced Jasmine to his daughter, so clearly things are pretty serious between them, but they're not planning a trip down the aisle....yet.