Last week, she claimed she was 'just friends' with Khloe Kardashian's ex, French Montana.
But on Wednesday, Iggy Azalea appeared to be gifted with seven diamond rings from the hip hop artist.
The 26-year-old Australian rapper took to social media to gush about the present, sharing a close-up picture of the jewellery.
A day prior, Iggy posted a screen grab from a smartphone game, which features French.
She promoted her rumoured beau's latest application, writing: @frenchmontana In These Streets 'Speed Gods' Officially Available in the App Store For Download (sic).'
Earlier this month, the Fancy rapper and the ex-boyfriend of Khloe Kardashian weren't shy about packing on the PDA, as they enjoyed their Mexican getaway.
In between kisses, the No Shopping rapper shared a snap on Instagram as he lounged on the yacht's deck with a bikini-clad Iggy by his side and his little brother Ayoub Kharbouch.
Before jetting off to Mexico, Iggy and French both shared a photo of their crew standing in front of a private plane.
Iggy simply captioned the snap with a wave Emoji as she posed alongside her rumoured-beau.It's been a tumultuous few months for the Sydney-born star, who had a very public split from her ex-fiancé Nick Young.
Iggy broke off her one-year engagement to the professional basketball player after he was caught cheating with his ex Keonna Green, who is now pregnant with his second child.
