Elle Macpherson is engaged.

The Australian supermodel is set to wed Jeffrey Soffer, with whom she recently reunited after breaking up last March following two years of dating.

A source told Access Hollywood that the 49-year-old beauty is planning to move from London to Florida with the 43-year-old billionaire real estate developer, who lives in Miami. Elle, who was briefly linked to wealthy financier Roger Jenkins last year, reconciled with Jeffrey after she rushed to his side in November when he was involved in a helicopter crash in the Bahamas, which killed his friend Lance Valdez and saw him undergo surgery for a fractured vertebrae.

"Jeff is very shaken up and mourning the loss of his friend. Elle is landing in Miami imminently to visit him and offer her support at a very tough time," a source previously said.

The helicopter - which was also carrying one of Jeffrey's employees Dan Riordan and his wife Paula - came crashing down at the Baker's Bay Golf and Ocean Club on Great Guana Cay in the Abacos Island chain on Thanksgiving Day.

The couple, who have yet to comment on their wedding plans, were both previously married. Elle tied the knot with photographer Gilles Bensimon in 1986 but they divorced three years later. The former Fashion Star host also has two sons Arpad, 15, and Aurelius, 10, from a previous relationship with Arpad Busson.