The source told Usmagazine.com exclusively that the legendary actress recently got engaged to Winters, 49, of Sterling Winters Management. Winters recently became Janet Jackson's new manager.
Another insider tells Usmagazine.com, "It's no secret that they've been together forever and are in love, so it wouldn't be a surprise if they were engaged. Right now they are keeping it between them. She didn't think she'd fall in love again, but since Jason came into her lifem that has all changed."
The screen legend has also gushed about Winters to gossip columnist Liz Smith, describing him as "one of the most wonderful men I've ever known, that's why I love him." He even reportedly bought a house for them.
Taylor has been married eight times before, twice to Richard Burton.
Her exes are: Conrad Hilton (1950-51), Michael Wilding (1952-57), Mike Todd (1957-58), Eddie Fisher (1959-64), Richard Burton (1964-74 and again 1975-76), Sen. John Warner (1976-82) and Larry Fortensky (1991-96).
Taylor was widowed in 1958 when husband Mike Todd died in a plane crash. All of the other marriages ended in divorce. Taylor had two children with Wilding and one child each with Todd and Burton.