Jessica Simpson and Nick Lachey
Brad Barket/PictureGroup; Larry Busacca/WireImage
11/15/2010 AT 11:10 AM ET
11/15/2010 AT 12:45 PM ET
It is the ultimate race to the altar!
Nearly five years after Jessica Simpson and Nick Lachey split – a mutual decision after three years of marriage – both stars are officially ready for round two.
Just a week after Lachey, 37, popped the question to longtime girlfriend Vanessa Minnillo, 30, whom he began dating in 2006, Simpson’s beau, NFL player Eric Johnson, seemingly took a hint.
Johnson, 31, proposed to Simpson, 30, and now she has the ring to prove it.
Timing aside, however, a source tells PEOPLE that Johnson “had been planning the engagement for awhile and the date of the engagement was a special date for them.”
Reporting by LESLEY MESSER