The couple has reportedly been together since December 2017, and People broke the news of their updated relationship status on Thursday afternoon.
“Aaron and Denise just got engaged and would love to be married sooner than later now that his divorce is finally in his past,” a source told the magazine, referring to Phypers's split from actress Nicollette Sheridan, which was finalized last month. “The engagement has been a long time coming. He moved on from his past relationship a long time ago, and marrying Denise is a welcome new chapter for both of them in different but equally significant ways."
The pair is "very happy" together, says the source, and have "settled into life with another," which means now they're ready to focus on planning the wedding. "They’re just ready to start their married life together," the source said.
From the sounds of it, their 'big day' will likely be small and intimate. “Denise and Aaron just want a small group of people to be at the wedding, really just their inner circle,” the source said. “They’ve both done this before and this time just want to exchange vows in front of the people who are most important.” Richards was married to Charlie Sheen from 2002 to 2006, and they share two children together.
Marriage isn't the only big thing on the horizon for the 47-year-old actress. Recently, it was announced that she would be joining the cast of The Real Housewives of Beverly Hills. “She and Aaron are extremely happy, and he’s definitely game with her on-camera persona,” the source says, noting he's "on board" with whatever drama the show might bring their way. "He seems to care for her in a real way and is up for whatever she throws at him and vice versa. They’re a good team.”