Miley Cyrus is not set to walk down the aisle despite recent reports.

The 19-year-old Hannah Montana star has been parading around with a large diamond ring on her wedding finger over the past few days leading to speculation she is engaged to boyfriend Liam Hemsworth.

But Us Weekly claims that the teen star will not be saying "I do" any time soon, according to an insider close to the couple.

The pair were out on Saturday night at Muhammad Ali's Celebrity Fight Night XIII event in Arizona where she showed off the sparkler.

Last Thursday she tweeted a picture of her newly manicured fingers which kicked off the rumours because the ring, which has a large round stone, was very prominent in the image.

"I am soooo obsessed with @jennahipp nail foundations! It looks so chick and classic!" she wrote under the picture.

Liam is enjoying tremendous success with his movie The Hunger Games which reached the top of the US box office this weekend and is now the third most successful film opening of all time.

Miley and Liam got together after starring in the 2009 film The Last Song. She was the most famous out of the two of them at the time but that is set to change.

They split for a while in August 2010 but then got back together a few months later.