Katie Price and Alex Reid will reportedly announce their engagement to OK magazine, as part of a big money deal.

Katie had the deal arranged before Alex emerged from the Celebrity Big Brother house and the cage fighter has been forbidden from even telling his family before the magazine breaks the news.

A source told The Sun: “It’s Jordan’s way or the highway.

“They’re engaged but Alex can’t even tell his family because she wants to make money and sell it to a magazine.

“But he doesn’t want to upset her, the last time she publicly dumped him on TV.”

The source went on: “He’s just won back a bit of self-respect.

“To lose it now would be awful. The ridiculous thing is, Alex can’t see he’d be better off without her.

“He didn’t talk about her once on Big Brother and won.

“Look how she did on I’m A Celebrity… Get Me Out Of Here!

“The public disliked her so much they made her do nearly every trial.”