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Published 09:55 30 Jul 2015 BST
Updated 09:58 30 Jul 2015 BST
The couple have been dating since April (image: Instagram).
Life & Style magazine reports that the star couple, who got together earlier this year, could be on the brink of getting engaged.
An insider told the publication: “Taylor loves chunky rings, so he wants to go big. He’s looking at cushion-cut enter stones and is willing to drop at least $500,000 (over €455,000).”
As for where Calvin is going to get down on one knee, that’s still all up in the air.
The source explained: “He’s on the fence because Taylor has so many favourite places. He thought of romantic Paris or Italy, but now he’s leaning towards Nashville, where she has one of her homes.”