Katie Price and Carl Woods are soon to be Mr and Mrs Woods.

The pair are reportedly engaged but waiting to share the happy news following securing a five-figure deal with a magazine.

Carl, 32, and Katie, 42, have posed for a big shoot in which the happy news will be unveiled The Sun report.

A source told the outlet: “Katie is madly in love with Carl and excited to take the next step in their relationship.

“But — ever the businesswoman — she knows this is also an opportunity to pick up an easy pay cheque. Katie won’t confirm the news until the cash is in the bank.

“Katie has been down this road many times before but she has no reservations about taking the plunge with Carl."

The insider added that the former Page 3 icon thinks Carl is "the one."

Katie Price and Carl Woods
Katie has since found love with boyfriend Carl Woods

The Mirror have contacted a rep for Katie for comment.

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