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EXCLUSIVE: Reese Witherspoon's Boyfriend Prepares To Propose, Picks Out Engagement Ring!

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Dec. 9 2010, Updated 12:00 p.m. ET

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Reese Witherspoon is set to have an extra happy holidays. A source tells RadarOnline.com exclusively that her boyfriend Jim Toth is planning to propose “very soon” and has picked out a ring!

Over the past few months, the Hollywood super agent has made the rounds at several high-profile jewelers, including Harry Winston.

“He was looking for something pretty big, around three or four carats. Reese probably wouldn’t wear anything larger than that since she’s not showy,” the source added.

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“Price wasn’t an issue” for Toth who was named one of the new heads of CAA’s motion picture talent department in September.

While the source wasn’t sure when Jim would get down on one knee, the source said: “It is expected to happen over the holidays.”

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