The relatively recent start of Kendall Jenner and Jacob Elordi’s romance in spring 2026, combined with their measured approach, underpins the 70.5% market-implied probability against an engagement this year. Sources describe the relationship as “going really well” with frequent public appearances, including hand-holding in London and supportive outings at Milan and Paris Fashion Week, yet both stars emphasize career priorities and avoid rushing milestones like cohabitation. October reports confirm Elordi is house-hunting solo while staying temporarily with Jenner, with insiders noting they are “not rushing into something that serious.” This steady but unhurried trajectory, absent any engagement signals or guild-level precursors, aligns with trader consensus on the low odds of a 2026 proposal.