The 22-year-old soccer star gave the expensive diamond sparkler to the Belgium beauty at the weekend, the Sun reported.
The couple, who is planning a lavish ceremony later this year, began dating six months ago.
Neguesha confirmed the news by posting a picture of her ring on her Instagram page, with the caption stating ‘it’s official’.
A source revealed that Balotelli and Neguesha have talked about getting married before, but this time it is for real.
The source further explained that the Italian striker proposed and the girl delightfully accepted the proposal.
The insider also said that the couple is going on a holiday to start planning for the big day.