With news of the engagement being called off PLUS reports that Pete has had his Ariana bunny ears tattoo covered up, things are not looking good for the couple.
However, it turns out that things might not have completely fizzled out between them after all - a source close to the 25-year-old, who named one of the tracks off her brand new album 'Sweetener' after Pete, has told People magazine that things aren't completely over, they've just decided to take a break from their engagement.
They said, "Their engagement is off, but they still plan on spending time together. It’s not like they split and never plan on seeing each other again - they just decided to slow things down."
PHEW. There'll be a collective sigh of relief from fans who were rooting for these two.
Swipe through to see which other celebrities have become engaged this year...
Here's why Ariana Grande and Pete Davidson called off their engagement
2 of 17
Rio Ferdinand and Kate Wright
Rio Ferdinand popped the question to former TOWIE star Kate Wright whilst the couple were on holiday in Abu Dhabi. The former footballer made the moment extra special by including his three children.
Helen Flanagan and Scott Sinclair
Celtic FC footballer Scott Sinclair proposed to Coronation Street actress Helen Flanagan in Disneyland, just weeks before the couple's second child was due to arrive.
Ed Sheeran and Cherry Seaborn
Pop superstar Ed Sheeran asked his long-term girlfriend Cherry Seaborn to marry him in January. He wrote on Instagram, 'Got myself a fiancé just before new year. We are very happy and in love, and our cats are chuffed as well xx' sic
Caroline Flack and Andrew Brady
Despite only being together for a number of months, former Celebrity Big Brother star Andrew Brady popped the question to Love Island host Caroline Flack in April.
Chris Zylka and Paris Hilton
American actor Chris Zylka proposed to Paris Hilton during a romantic skiing trip in Aspen in January.
She wrote on Instagram, 'I said Yas! 👰🏼💅🏼💍💎 So happy & excited to be engaged to the love of my life. My best friend & soulmate. Perfect for me in every way. So dedicated, loyal, loving & kindhearted. I feel like the luckiest girl in the world! You are my dream come true! Thank you for showing me that fairytales do exist.😍'. sic
Lisa Riley
Loose Women star Lisa Riley announced her secret boyfriend had proposed to her in May. Sharing a photo of herself to Instagram, Lisa wrote, 'Yes I can now confirm the rumours are true... I have got engaged... My soul mate and best mate and love of my life Al is the best thing to have ever happened to me... We have absolutely NO date set for ANY wedding day, just happy together... Zero fuss, just firmed our togetherness😘.' sic
Lea Michele and Zandy Reich
Glee actress Lea Michele confirmed her boyfriend Zandy Reich proposed to her, showing off her stunning diamond ring on Instagram.
Vogue Williams and Spencer Matthews
After meeting on The Jump, former Made In Chelsea lothario Spencer Matthews popped the question to his model girlfriend Vogue Williams.
The couple later married in a private ceremony before welcoming their baby boy.
Jade Ewen and Daniel de Bourg
Sugababes singer Jade Ewen revealed to her fans that her actor boyfriend Daniel de Bourg had proposed to her on Valentine's Day.
Ariana Grande and Pete Davidson
Pete Davidson confirmed he and Ariana Grande were engaged in an interview with Jimmy Fallon.
However, just a few months later, the pair announced their split in October.
Justin Bieber and Hailey Baldwin
Justin Bieber reportedly proposed to Hailey Baldwin whilst on holiday in the Bahamas. Then, in November, Justin and Hailey CONFIRMED they'd tied the knot when the model changed her name to 'Hailey Baldwin' on Instagram.
Oliver Proudlock and Emma Louise Connolly
Made In Chelsea star Oliver Proudlock popped the question to his model girlfriend Emma Louise Connolly. Proudlock proposed as the pair celebrated their four-year anniversary in Sweden.
Ellie Goulding and Caspar Jopling
Ellie Goulding and Caspar Jopling announced their engagement in August 2018 by taking out an advertisement in The Times newspaper which read, 'Mr C.W.F. Jopling and Miss E.J. Goulding. The engagement is announced between Caspar, son of The Hon Nicholas Jopling of Yorkshire and Mrs Jayne Warde-Aldam of Yorkshire, and Elena, daughter of Mr Arthur Goulding of Hertfordshire and Mrs Tracey Sumner of West Midlands.'
Leona Lewis and Dennis Jauch
Leona Lewis hinted that she and her boyfriend of eight years Dennis Jauch had gotten engaged by showing off a ring on that finger in an Instagram Story whilst they were on holiday in Puerto Rico.
Ryan Libbey and Louise Thompson
Made In Chelsea stars Ryan Libbey and Louise Thompson announced their engagement in August. Ryan popped the question whilst the pair were on holiday in LA.
Ollie Locke and Gareth Locke
Made In Chelsea star Ollie Locke announced his engagement to boyfriend Gareth Locke in September. The pair had been friends for over 10 years before realising they were perfect for each other.
Rio Ferdinand and Kate Wright
Rio Ferdinand popped the question to former TOWIE star Kate Wright whilst the couple were on holiday in Abu Dhabi. The former footballer made the moment extra special by including his three children.
Helen Flanagan and Scott Sinclair
Celtic FC footballer Scott Sinclair proposed to Coronation Street actress Helen Flanagan in Disneyland, just weeks before the couple's second child was due to arrive.
Ed Sheeran and Cherry Seaborn
Pop superstar Ed Sheeran asked his long-term girlfriend Cherry Seaborn to marry him in January. He wrote on Instagram, 'Got myself a fiancé just before new year. We are very happy and in love, and our cats are chuffed as well xx' sic
Caroline Flack and Andrew Brady
Despite only being together for a number of months, former Celebrity Big Brother star Andrew Brady popped the question to Love Island host Caroline Flack in April.
Chris Zylka and Paris Hilton
American actor Chris Zylka proposed to Paris Hilton during a romantic skiing trip in Aspen in January.
She wrote on Instagram, 'I said Yas! 👰🏼💅🏼💍💎 So happy & excited to be engaged to the love of my life. My best friend & soulmate. Perfect for me in every way. So dedicated, loyal, loving & kindhearted. I feel like the luckiest girl in the world! You are my dream come true! Thank you for showing me that fairytales do exist.😍'. sic
Lisa Riley
Loose Women star Lisa Riley announced her secret boyfriend had proposed to her in May. Sharing a photo of herself to Instagram, Lisa wrote, 'Yes I can now confirm the rumours are true... I have got engaged... My soul mate and best mate and love of my life Al is the best thing to have ever happened to me... We have absolutely NO date set for ANY wedding day, just happy together... Zero fuss, just firmed our togetherness😘.' sic
Lea Michele and Zandy Reich
Glee actress Lea Michele confirmed her boyfriend Zandy Reich proposed to her, showing off her stunning diamond ring on Instagram.
Vogue Williams and Spencer Matthews
After meeting on The Jump, former Made In Chelsea lothario Spencer Matthews popped the question to his model girlfriend Vogue Williams.
The couple later married in a private ceremony before welcoming their baby boy.
Jade Ewen and Daniel de Bourg
Sugababes singer Jade Ewen revealed to her fans that her actor boyfriend Daniel de Bourg had proposed to her on Valentine's Day.
Ariana Grande and Pete Davidson
Pete Davidson confirmed he and Ariana Grande were engaged in an interview with Jimmy Fallon.
However, just a few months later, the pair announced their split in October.
Justin Bieber and Hailey Baldwin
Justin Bieber reportedly proposed to Hailey Baldwin whilst on holiday in the Bahamas. Then, in November, Justin and Hailey CONFIRMED they'd tied the knot when the model changed her name to 'Hailey Baldwin' on Instagram.
Oliver Proudlock and Emma Louise Connolly
Made In Chelsea star Oliver Proudlock popped the question to his model girlfriend Emma Louise Connolly. Proudlock proposed as the pair celebrated their four-year anniversary in Sweden.
Ellie Goulding and Caspar Jopling
Ellie Goulding and Caspar Jopling announced their engagement in August 2018 by taking out an advertisement in The Times newspaper which read, 'Mr C.W.F. Jopling and Miss E.J. Goulding. The engagement is announced between Caspar, son of The Hon Nicholas Jopling of Yorkshire and Mrs Jayne Warde-Aldam of Yorkshire, and Elena, daughter of Mr Arthur Goulding of Hertfordshire and Mrs Tracey Sumner of West Midlands.'
Leona Lewis and Dennis Jauch
Leona Lewis hinted that she and her boyfriend of eight years Dennis Jauch had gotten engaged by showing off a ring on that finger in an Instagram Story whilst they were on holiday in Puerto Rico.
Ryan Libbey and Louise Thompson
Made In Chelsea stars Ryan Libbey and Louise Thompson announced their engagement in August. Ryan popped the question whilst the pair were on holiday in LA.
Ollie Locke and Gareth Locke
Made In Chelsea star Ollie Locke announced his engagement to boyfriend Gareth Locke in September. The pair had been friends for over 10 years before realising they were perfect for each other.
Rio Ferdinand and Kate Wright
Rio Ferdinand popped the question to former TOWIE star Kate Wright whilst the couple were on holiday in Abu Dhabi. The former footballer made the moment extra special by including his three children.
Unsurprisingly, the source revealed that the reason behind their decision to "slow things down" was the death of Ariana's ex-boyfriend, Mac Miller, who was tragically found dead last month.
They added, "It was devastating and shocking to her. It’s had a huge, negative impact on her life and made her rethink many things in her life. She realised that planning a wedding right now felt very rushed," adding that it’s not "what she wants to do right now."
They also revealed that Ariana didn't want to make any "rushed decisions" and has decided to "take a step back instead."
This comes after Ariana broke her social media silence after news broke of her and Pete's decision - but she didn't address the news at all.
Instead, she promoted a special 15th anniversary performance of musical Wicked, which she'll be taking part in soon.
She wrote, 'Honored to be included in this celebration of 15 years of my favorite musical of all time 💚 wouldn’t miss it for the whole universe.'
You can hear Ariana Grande's biggest hits on the Downtown Radio playlist.
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