Calvin Harris is reportedly looking to put a ring on Taylor Swift and is willing to spend a cool $1.4 million for the engagement bling.

"The 31-year-old, who started dating the pop beauty in March after they were set up by mutual friend Ellie Goulding, is said be preparing to get down on bended knee with a $1.4 million engagement ring by the end of October," reported Daily Mirror.

The tabloid allegedly talked to a friend of the DJ who dished on the planned engagement by Calvin Harris to Taylor Swift, who is busy with her 1989 World Tour at the moment.

"He said he wanted something 'very special' for Taylor," the source claimed. "He was asking about the best cuts and eyed a ring that was $1.4 million! He was clearly eager to get the perfect rock, no matter the cost."

If there's going to be any engagement, it might happen after Taylor Swift's 1989 World Tour.

Hollywood Life previously reported that Calvin Harris is making time for girlfriend Taylor Swift even if she's busy with her 1989 World Tour.

"As much as Calvin is busy with his own career," the alleged source claimed. "He has major leeway because he usually performs on the weekends, which allows him to travel a lot. And he intends to do that in order to be with Taylor as much as possible."

"Calvin is going to make a very big effort to be with her more during her tour," the alleged insider claimed. "They both want to figure out an arrangement and they are very confident that it will happen and benefit them both and their relationship!"

On Nov. 11, Daily Mirror published a photo of Calvin Harris buying a rug in West Hollywood, which it took to mean that the engagement rumor might be true as the DJ is preparing the "love nest" with Taylor Swift.