31-year-old Beatrice began dating 28-year-old Edoardo after first meeting at the 2018 royal wedding of Princess Eugenie and Jack Brooksbank, at St George's Chapel at Windsor Castle.
Beatrice made her first public appearance with 'Edo' back in March, stepping out on the red carpet for an elegant gala event at London's National Portrait Gallery.
Edoardo Mapelli Mozzi is a longtime friend of the Yorks, and the couple is said to be "extremely close."
Royal expert and author, Rafe Heydel-Mankoo, believes that although the relationship is new, the pair are thought to be ready for marriage.
"The relationship of Princess Beatrice and Count Mapelli Mozzi may be fairly new, but it’s already a very close and extremely happy one," the writer told Express.
"I expect that they will be the next royals to marry and that, in line with tradition, the wedding will take place at historic St. George’s Chapel, Windsor."
A royal insider told Fabulous Digital Magazine that Princess Beatrice and Edoardo intend to announce their engagement upon returning to the Royal Lodge in Windsor, as she allegedly wants to marry Edward "as soon as possible."
Princess Beatrice is the eldest daughter of Sarah Ferguson - affecitonaly known as 'Fergie '- and Prince Andrew and is the granddaughter of Queen Elizabeth.