Ariana Grande and Pete Davidson Engagement Called Off

Ariana Grande and Pete Davidson are dunzo as a couple, and their engagement has officially been called off ... sources has learned.

Sources close to the former couple tell us the two split this weekend, with both parties acknowledging that it simply was not the right time for their relationship to take off. We're told the two still have love for each other, but things are over romantically.

Ariana and Pete announced their surprise engagement earlier this year in May -- just a few weeks after they were reported to be just casually dating. Grande's engagement ring cost right around $100k.

Grande's recently expressed she was going through a rough patch, tweeting a lot of personal messages and saying she needs a break from the public spotlight.
As for Davidson, he's continued to appear on SNL, even mentioning his former fiancee in a couple sketches. The last time we saw them together was just last week.

Our source says while things may be done for the couple for now, the two aren't ruling out the possibility of anything in the future.