AceShowbiz -

Could it be true that Jay-Z and Beyonce Knowles are heading for the altar soon? Amidst heavy media coverage on a possible wedding, new report has just surfaced that the hip hop singer has held a bachelor party in Toronto on Wednesday, April 2, just one day after reports surfaced that he and Beyonce took out a marriage license in New York.

According to sources in the know, the music mogul was in good spirits and surrounded by a bevy of beauties. People, which first reported the bash, claimed that Jay-Z "got his party on after his show in Toronto," holding a private bash at downtown hot spot Lobby.

A source told ET Canada that the celebration was merely an unofficial after-party for the concert, but People quoted a source as saying, "It looked like a bachelor party because soon the doors closed to all but the immediate guests. Jay-Z was laughing and happy and talking to everyone around him. It was amazing how many girls were flirting with him, but he was just being nice to everyone."

Rumors were abuzz on April Fool's Day that Jay-Z and Beyonce have obtained a wedding license in Scarsdale, New York, with a source claimed the license was good for 60 days thus fueled further speculation that they were planning to wed there in between times.

PerezHilton exclusively revealed Thursday, April 3 that the pair are "set to marry in New York City on Friday, April 4th." Still, there have yet words from either parties, keeping the gossips guessing about their betrothed status or seemingly pending nuptials.