The pair are on holiday in Portugal with some friends, including fellow Hollyoaks actor Billy Price, and Chloe made the announcement sharing a photo on Instagram of the two of them on a sun lounger enjoying some cocktails.
"Now I ]know] what love feels like," she wrote in the photo's caption, adding an emoji of an engagement ring.
"Might propose next Tuesday," Owen cheekily commented.
Plenty of celebrity friends commented on the post, including I'm a Celebrity... Get Me Out of Here! winner Scarlett Moffatt, Coronation Street's Kimberly Hart-Simpson and Big Brother alumni Aisleyne Horgan-Wallace, expressing their happiness at the coupling.
Then there was fellow Geordie Shore star Charlotte Crosby who seemed baffled by the whole thing, commenting: "Right, confusion is high right now. If [you're going to] get a boyfriend can you please Whatsapp me and tell me all about it?"
Chloe's emoji, Owen's comment and possibly Charlotte's comment might, however, be in reference to when Chloe jokingly 'announced' on Instagram that she was engaged to Wayne Lineker, after the pair appeared together on Celebs Go Dating.
Hollyoaks airs weeknights on Channel 4, with first-look episodes on E4. Geordie Shore airs on MTV.
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