Prince Harry is reportedly ready to propose to Meghan Markle

Is he going to put a ring on it?

A source predicts Prince Harry will propose to Meghan Markle sooner rather than later! How soon?

"They will be engaged by the end of summer," a source told Us Weekly. "[The two] have spoken candidly about their future. They see a life together."

The handsome royal, 32, and the "Suits" actress, 35, have been spending some quality time together these past couple of months. Markle has made several trips across the pond to spend quality time with Harry in London.

They've spent many hours holed up in his Nottingham Cottage, which is near Prince William and Duchess Kate's 21-room abode. Meghan, who has a keen eye for interior design, even added some unique touches to Harry's bachelor pad.

"He has a few more plants, nice candles -- and his kitchen is well-stocked too!" the source continued.

A permanent move may be in her future, but not before her series wraps filming this summer.

"Meghan feels a move to London is inevitable. It's not like Harry can uproot!"

The lovebirds have their go-to spots in the city when they decide to leave their love nest, which includes gastropub the Sands End and the members-only club SoHo House. The latter is the ritzy establishment where they were first introduced by mutual friend and creative director Markus Anderson.

The two have already taken some major steps in their relationship, including their first big trip (to Norway to catch the Northern Lights) and meeting the family (Meghan gave Duchess Kate a dream journal when they first met).

The insider also added that the upcoming seventh season of "Suits" may be Markle's last, as she is "ready to move away from acting." The longtime cast member is reading to look at the bigger pictures -- and that includes Prince Harry who she is "so in love" with.