More than two years after calling it quits , Miley Cyrus and Liam Hemsworth aren't just giving love a second shot -- they're engaged again.

"Miley is beyond happy to be engaged to Liam again," a source close to the 23-year-old singer told People magazine . "It might seem sudden, but they have been very close for the past few months."

Meanwhile, a source also confirmed to Us Weekly that the one-time couple are indeed back on and in it for the long haul . The couple has yet to officially confirm the news themselves. The Huffington Post has reached out to their reps for comment.

"Miley and Liam are 100 percent back on, the source told Us Weekly, adding that the pair started reconciling this past April.

Rumors the pair had rekindled their romance began after it was reported that Cyrus spent New Year's Eve with Hemsworth and his family in Australia and whispers on continued to get louder when she was spotted wearing the 3.5-carat diamond ring that the "Hunger Games" star proposed to her with in June 2012.