Tara Reid has brushed off rumours she is engaged to her internet entrepreneur boyfriend after she was spotted sporting a large pink diamond on her ring finger.

The actress met German businessman Michael Axtmann earlier this year (09) after she was released from a spell in rehab to treat her alcohol addiction.

The pair has been dating ever since, and sent gossip mongers into overdrive when Reid was pictured wearing a massive pink sparkler on her left hand earlier this week (begs09Nov09).

But Reid insists they have no plans to wed in the near future, confessing the big jewel was just a genero us birthday gift from her lover.

She tells People.com, "I got a beautiful ring from my boyfriend for my birthday last weekend. But we're not engaged... yet!"

Reid was previously engaged to TV host Carson Daly.