Katie Price to walk down the aisle for the third time as she gets set to marry her toyboy Leandro Penna

Short on cash, Katie Miss Price to walk down the aisle for the third time as she gets set to marry her toyboy Leandro Penna

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UPDATED:

00:01 GMT, 28 April 2012

Last summer she declared that after two failed marriages she would never walk down the aisle again.

But according to reports today, Katie Price has gone back on her word as she prepares to wed Leandro Penna.

The glamour model will wed her Argentinian toyboy, making him her third husband in the space of seven years.

Mr Price number 3 According to reports, glamour model Katie is set to marry her toyboy Leandro Penna

Mr Price number 3 According to reports, glamour model Katie is set to marry her toyboy Leandro Penna

The Sun published photos of Price, 33, flashing a pink diamond ring on her wedding finger as she and Penna, 26, dined out near her Sussex mansion.

And according to the paper, a spokesman for Katie, said: 'They're engaged. Leandro proposed to Katie while they were away skiing recently – and she said yes.'

The spokesman added that the couple told her children – Harvey, nine her son from a relationship with footballer Dwight Yorke, Junior, six, and four-year-old Princess, from her marriage to Peter Andre – but kept it secret and have yet to make any definite wedding plans.

Not so on/off anymore: Katie and Leandro were snapped canoodling at the polo in March a day after she and second husband Alex Reid were granted a 'quickie divorce'

Not so on/off anymore: Katie and Leandro were snapped canoodling at the polo in March a day after she and second husband Alex Reid were granted a 'quickie divorce'

And Katie has yet to finalise her divorce from cagefighter Alex Reid and is expecting the decree absolute very soon.

Katie met Alex in 2009 and they were married in February 2010 in Las Vegas before getting formally hitched in the UK, which was filmed as part of her reality TV show, but they split in January 2011.

She was previously married to Peter Andre who she met when she and the pop star took part in I'm A Celebrity… Get Me Out of Here in 2004 and they were married in September 2005.

Fairytale wedding: Katie married Peter Andre in September 2005 but they were divorced four years later

Fairytale wedding: Katie married Peter Andre in September 2005 but they were divorced four years later

They had Junior and Princess but announced in May 2009 that they were separating and they were divorced that September.

Katie
met model Leandro in March last year at Sir Elton John's Oscar party
and they remained pretty much inseparable, despite their age gap and
Leandro unable to speak English.

He
followed her to the UK and became close to her family but their romance
ran into trouble when it was revealed that Leandrop had a
three-year-old daughter and was feeling homesick for Argentina.

Not so intimate: Katie married cagefighter Alex Reid in 2010 and the ceremony was filmed for her reality TV show - they were given a quickie divorce last month

Not so intimate: Katie married cagefighter Alex Reid in 2010 and the ceremony was filmed for her reality TV show – they were given a quickie divorce last month

They split in October last year but have kept in touch and Leandro came back to the UK to spend Christmas with her.

Then, earlier this month, she took to her Twitter page to declare: 'I'm in love with Leandro Penna'.

Days later, he announced that he had sealed their
relationship with a ring.

Short-lived: Katie and Alex at a showbiz party in January last year not long before they announced they were separating

Short-lived: Katie and Alex at a showbiz party in January last year not long before they announced they were separating

He is believed to have told Argentinian glossy Caras: 'I surprised Katie with a sparkly ring. Our story is no longer just a romance. Now we’re committed.

'We decided to get back together… so I
bought a ring and I surprised her with it. Luckily, she accepted and we
are now really happy together.'

But last July, while appearing on Lee Mack's All Star Cast, she announced: 'I'm never getting married again. It's too expensive to get married and more expensive to divorce. No, I'm definitely not.'

She was also quoted by website Female First as saying: 'I've adopted an Argentinian man. I
wouldn't adopt an Argentinian baby at this point but I would have a baby
with an Argentinian man when the time is right.