"It's not true," she tells Us. "She is not engaged."
The two-time Academy Award-nominated actress, 36, and the 31-year-old musician attended the Valentino fashion show last week in Paris.
Ryder has five films set for 2008 and 2009. She will soon begin shooting The Private Lives of Pippa Lee costarring Keanu Reeves and Maggie Gyllenhaal.
Click here to see what age other stars got engaged and here to see stars' engagement bling.
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