Derek Jeter is FINALLY ready to settle down!

According to a new report, the Yankees legend is engaged to girlfriend of three years, model Hannah Davis. “She already has the ring,” a source tells the New York Daily News. “The family is very happy because they really like him.”

RELATED: Hannah Davis Turns Up the Heat on 'Sports Illustrated' Swimsuit Cover!

derek jeter

The 41-year-old, who retired in 2014, is just as famous for playing the field with some of Hollywood's most eligible women as he is for setting MLB records. He's been linked to the likes of Mariah Carey, Tyra Banks, Minka Kelly, Jessica Alba and Jessica Biel.

Hannah, 25, also has her fair share of accolades, covering this year's Sports Illustrated Swimsuit Edition and co-hosting Lifetime's new series, Project Runway Junior.

We can't WAIT to see pictures from this wedding!