The rumor mill’s going crazy again, but popstar Ashlee Simpson and Fall Out Boy rocker Pete Wentz are denying reports that they are enaged. Their reps tell US Magazine that the couple is not going to get married, despite the ring Simpson was rocking on her left finger at the New Year’s Eve bash at Miami’s Shore Club that the couple attended together.

This isn’t the first time that the two were rumored to be tieing the knot. In July 2007, there were rumors that Simpson was pregnant and that Wentz has proposed, but these allegations turned out to be false. I guess we’ll just have to wait and see…