Britney, Justin Deny Engagement Reports

Shooting down reports out of the British press (and eventually picked up by U.S. outlets), Britney Spears and 'NSYNC's Justin Timberlake have denied that they are engaged.

"Contrary to what has been erroneously reported, Britney Spears and Justin Timberlake are neither engaged nor married," the artists said via a statement released by their record label, Jive Records. "The story, which began in the British tabloid 'News Of The World,' is, not surprisingly, completely without merit."

The story originally surfaced abroad and soon hit U.S. shores in publications such as the "New York Post" and on numerous local newscasts over the weekend.

Spears and Timberlake have been rumored to be a couple for some time, but neither has addressed the matter publicly.