Inside Katy Perry and Orlando Bloom's Proposal Plans

The 'Pirates of the Caribbean' actor reportedly wants to propose to his girlfriend with a $1 million ring.

AceShowbiz - Katy Perry and Orlando Bloom may take their relationship to the next level soon. The "Pirates of the Caribbean: Dead Men Tell No Tales" actor wants to propose to the "Rise" hitmaker with a $1 million ring, according to a new report.

OK! magazine claims in its latest cover story that Katy and Orlando are getting married and the "Roar" singer "wants five kids." "Orlando is getting ready to pop the question, as soon as he does, Katy will definitely say yes," says the outlet.

According to the mag, Orlando "has already been shopping for rings and has his eye on a sparkler from famed jeweler Neil Lane, with a price tag said to be upward of $1 million." The star of "The Lord of the Rings: The Fellowship of the Ring" allegedly wants to pop the question to Katy on a Malibu beach where they were "caught snogging in March."

An insider says, "He's very thoughtful and doesn't do anything by halves. It's sweet that he wants to pick a place that's been meaningful for them." The insider adds of the couple's plans for their nuptials, "Katy wants something small and intimate, [with a party] perhaps on New Year's Eve."

Neither Katy's nor Orlando's rep has commented on the report yet.

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