AceShowbiz -

While Ashlee Simpson is keeping details of her engagement to longtime boyfriend Pete Wentz "sacred", her father Joe Simpson apparently plans to profit from her supposed pregnancy and baby. The man reportedly is keeping himself busy shopping around cover shots of his singer daughter to the magazines.

Joe, who asides from his fatherhood duty also serves as Ashlee's manager, is said to have been "contacting all the weeklies and asking them to pony up $1 million to put Ashlee on the cover." A tabloid insider told Page Six about that matter, adding that "The deal would include photos of Ashlee-taken by Joe, of course, so he can make more money - an interview and photos of the baby when she has it."

And while one magazine editor said the pictures would be worth "$60,000 maybe - but definitely not a million," poppa Joe on the other way around "has an unrealistic expectation of what Ashlee can command." On the estimated price, the magazine editor explained, "The timing is a little suspicious. Her album ['Bittersweet World'] is dropping next week, and there was little to no interest until now. Ashlee's lucky she got pregnant, frankly."

Ashlee and Wentz have been the subjects of media attention since she announced their engagement on his official site on April 9 which quickly sparked speculation of a pregnancy. Declined to directly comment on the pregnancy rumors, Ashlee is reported to wed the Fall Out Boy bassist next month at a friend's house in La Jolla, Calif., north of San Diego.

A representative for Ashlee declined to comment on a possible wedding.