Orlando Bloom is reportedly planning to propose marriage to Katy Perry by the end of the year. Reports suggest that The Lord of the Rings star is looking to further strengthen their bond.

"They are in love and happier than ever. [Orlando Bloom] would like to get engaged to [Katy Perry] before the year is up," a source told E! News.

The 39-year-old actor's decision to get hitched to the songstress is not influenced by his ex-wife Miranda Kerr's engagement to Snapchat founder Evan Spiegel. The actor and the supermodel share a 5-year-old son named Flynn.

"He has been over her for some time and [is] ready to begin his life with Katy," the source added.

Apparently, Perry also has been looking walk down the aisle for the second time after her divorce from comedian Russell Brand in 2011.

"[Marriage and children] is something Katy has always wanted when she met the man she was ready to settle down with," the source said. Moreover, the couple are also not "not opposed" to welcoming a baby together prior to a wedding, the source added.

The couple first ignited romance rumours when the two were pictured flirting at the 2016 Golden Globes after-party. Since then the two have been spotted together on a number of occasions.