However, Internet gossips were sent into a spin earlier this week - when it emerged that Jonas had presented Cyrus with a piece of jewellery to mark their relationship. Now, Cyrus has taken to her Twitter.com page to dismiss the reports.
She writes, "I woke up this morning and thought I'd check up on the daily gossip and apparently Nick Jonas gave me a 75,000-dollar ring? It's all true. Ha! Don't believe anything until I Tweet it. (Unless its good news of course)."