Valentine's Day has already passed but with all the Hollywood couples tying the knot and announcing engagement plans, it looks as if it's February 14 all over again.

One couple, Miley Cyrus and Liam Hemsworth, has finally announced their engagement plans last May 31. Three years of going from an on-off and on again relationship to a date on the calendar, are the cutesy couple already ready for a baby?

19-year old, Miley Cyrus, stunned her fans when she announced her engagement to Liam Hemsworth on Twitter. The news spread like wildfire as soon as Miley did an all out interview with People Magazine. Now with a final date marked for the wedding and a blessing from both Miley's parents, once the wedding bells are over and done, what is next for Miley and Liam?

Both their film and music careers are definitely on the boost. Liam Hemsworth is set to start filming for "The Hunger Games: Catching Fire" with Jennifer Lawrence and Josh Hutcherson. On the other hand, Miley Cyrus is focusing back on music like her fellow Disney stars, Selena Gomez and Demi Lovato.

With the entire buzz going on, what is the latest update on the hyped-about Miley and Liam engagement? Miley was spotted going lingerie shopping and the 19-year old even posted a revealing photo of her wearing a tight-fitting red corset. The wedding hasn't even begun but Miley has her mind set on the Honeymoon.

The former Disney star also seems to be getting a few tips and tricks from E.L. James' best-selling erotica novel, "Fifty Shades of Grey". With all the "action" that might be happening in the near future for Miley and Liam, does this mean their already thinking of being proud young parents?

Sorry folks but Hemsworth-Cyrus babies are still too far early in the plans. According to a source close to the couple, Miley and Liam aren't even thinking of having kids early on in their soon-to-be married life.

"Cyrus loves kids but has told several of her friends that she told Liam kids are out of the picture for a long time," says the source to Hollywood Life.

Even Miley's future hubby, Liam, is on the same wavelength on marriage and kids.

"Liam wants kids eventually but understands that they're both young and don't want to complicate things with kids," adds the source.

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