Britney Spears Rockin' a Ring with Sam Asghari ... Is She Engaged?!

Britney Spears was just out casually walking the beautiful beaches in Hawaii with her boyfriend Sam Asghari, while wearing a diamond ring on THAT finger!

The 35-year-old "Toxic" singer has been dating 22-year-old Asghari more than a year, and hasn't yet offered any explanation for the ring or confirmed any sort of new step in the couple's relationship ... but the internet is definitely losing its collective mind.

Spears has been pretty active and open on social media recently, so it may not be long until we get an answer.

Congratulations???

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Instagram / @britneyspears