Prince Harry and Meghan Markle are reportedly "heading in [the] direction" of an engagement.

Meghan Markle

Meghan Markle

The high-profile couple have been dating since mid-2016 and while rumours of an imminent engagement are said to be premature, their relationship has been progressing serenely over recent months.

A source explained: "Harry and Meghan are not engaged yet, reports that they are are jumping the gun slightly.

"They are definitely heading in that direction, but when they do get engaged Harry will follow Royal protocol and an announcement will be made by the Palace."

Prince Harry and the 'Suits' actress are said to be very much in "love" with each other.

However, neither of them wishes to commit to marriage before they're totally convinced it's right for them.

The insider told HollywoodLife.com: "Harry and Meghan are very much in love, but they both want to make completely sure that they are ready to take the next step before doing so.

"Harry does not want to make the same mistake as his mother and father did. When he marries it will be for life, and it's not something he is going to rush into."

The couple have logistical issues to consider, too, like where they will live should they decide to tie the knot.

The source continued: "There's all manor of things Harry and Meghan need to decide before getting engaged, like where they will live, and if Meghan will continue with her acting career.

"She's made it clear that she would like to continue working, and to do that she needs to spend a large amount of her time in Canada and the US."