10/10/2013 09:12 EDT

Hayden Panettiere's Engagement Ring: 'Nashville' Star Shows Off Sparkler On 'GMA' (VIDEO)

Hayden Panettiere has been sidestepping engagement rumours for months but the "Nashville" star couldn't hide it any longer when she showed off her sparkling engagement ring on Wednesday.

The 24-year-old confirmed on "Live With Kelly & Michael" that she and boxer Wladimir Klitschko are set to walk down the aisle after host Kelly asked her about the ring on the petite blond's finger.

"[T]here's a very large diamond ring on your ring finger. ... I'm not sure if you want to announce anything. … Does that signify anything, is that a promise of something?" Ripa asked, to which Panettiere replied, "I think it speaks for itself."

Does it ever! The former "Heroes" star flashed her bling outside "Good Morning America," giving us a good look at what appears to be a emerald-cut diamond on a platinum band.

But enough about the ring - what about that outfit Hayden was wearing? The bodacious bikini babe sported a very chick black-and-white Givenchy jacket which featured a peplum and chest ruffle paired with super skinny cigarette pants and red Saint Laurent booties.

We can't wait to see what the stylish singer will wear for her wedding!

Take a look at Panettiere's sparkler:

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