As of mid-January, Alves is said to be about three months pregnant.
Further stirring the rumor pot, Alves has been spotted wearing a ring on her left ring finger that looks suspiciously like an engagement band. There is no confirmation from either camp, however, on the marriage question.
Confusing the issue, McConaughey has been vocal in the past on the general issue of marriage, stating that he believes in the institution but does not consider it a necessity. "A kid just needs a mom and a dad," McConaughey stated in a recent issue of Hugh Hefner's famous mag, Playboy.