Source: Jessica Simpson ‘Is Not Pregnant’

A less-than-flattering paparazzi photo of Jessica Simpson sparked rumors of a possible bun in the oven for the singer/fashion mogul last week, but a source close to the star says not to get out the baby name book just yet.

“She is not pregnant,” the source told Access Hollywood on Wednesday.

While Jessica may not be expecting a child, the 31-year-old is treasuring every moment of her engagement to former NFL player Eric Johnson, who she began dating in May 2010.

“It’s the best year of my life,” the star told Access of being Eric’s fiancée in May at Tom Everhart’s “Peanuts”-themed new art exhibit, “Crashing the Party: The Arty-Fact Paintings,” in New York City.

“You better say the same!” Jessica joked with Eric, who was by her side at the event.

“Ditto, ditto!” Eric quickly added.

The couple announced their engagement in November 2010, and has said they hope to wed by Christmas 2011.

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