Prince Harry and Meghan Markle are officially engaged.

The engagement was announced Monday. But the two were engaged earlier this month in London and will have the wedding in spring 2018, according to a statement released by Prince Charles.

Following reports last week that the 36-year-old Suits star has permanently moved from Toronto to London, bookmakers closed bets on a new royal wedding.

"Prince Harry has informed Her Majesty The Queen and other close members of his family. Prince Harry has also sought and received the blessing of Ms. Markle’s parents,” the statement said.

"We are incredibly happy for Meghan and Harry. Our daughter has always been a kind and loving person. To see her union with Harry, who shares the same qualities, is a source of great joy for us as parents,” Markle’s parents Thomas Markle and Doria Ragland said in a statement.

The betting company, William Hill has named St. Paul’s Cathedral as their wedding venue favourite, with odds of 1/1, followed by Westminster Abbey at 2/1 and Windsor Castle at 6/1.

People were also placing bets on whether Harry will have a beard for the wedding, with 11/10 for yes and 4/6 for no.

The couple, who began dating last summer, made their first public appearance together at the Invictus Games in Toronto in September.

Royal weddings generally take place just months after the engagement announcement. William and Kate married five months after their announcement, which is the same amount of time as Prince Charles and his first wife, Diana, Princess of Wales. Queen Elizabeth and Prince Philip were married in November 1947, just four months after getting engaged.