MIley Cyrus graces the cover of V Magazine this month. In the accompanying article the former Disney star talks about working on a new album, and how she struggles to balance her relationship with fiancé Liam Hemsworth.

"I'm not home with my boyfriend all the time," Cyrus says in the May issue of V Magazine. "We work! He gets up to work out at six and I come home around five from the studio."

But she acknowledges the time away away from Hemsworth, 23, has sparked split rumors.

"Every week it's, 'Are they broken up? Because we don't see a photo of them,' " Cyrus says. "I don't have time to go to Starbucks with my boyfriend every morning. I wish I did, but I don't."

Instead, the 20-year-old is focusing on her music and is expected to release a new album before the end of the year.

"I've put this record before everything and I've never done that before," she says. "I've put too much into this record to put anything else in front of it."

Since she began dating Hemsworth in 2009, Cyrus's changing appearance and partying ways have also been a point of scrutiny for the couple – but the pop star assures she would rather be a homebody with her fiancé than hit the clubs.

"I'm going to change. I'm going to be different. I'm going to do what I want to do," she tells the magazine. "[But] I'd rather chill at my house and be there for the time I actually get to spend with him."

Miley Cyrus has gotten engaged to "Hunger Games" star Liam Hemsworth, People is reporting.

Cyrus, 19, has been dating Hemsworth, 22, for three years, and the engagement has been confirmed to the magazine by their representatives. A wedding date has not yet been set.

"I'm so happy to be engaged and look forward to a life of happiness with Liam," said the singer/actress.

Australian actor Hemsworth and Cyrus met when they shared screen credits in 2009's "The Last Song." People reports that he proposed on May 31 with a 3.5-carat diamond ring in a gold band.

As People's Julie Jordan told TODAY on Wednesday, "It's kind of sweet, because they shared Miley's first on-screen kiss together. They've been together since she was 16. They have a very playful relationship. Very real. Very honest."

Added Jordan, "I think Miley has obviously gotten a good dose of what fame and fortune is like, and now with Liam coming into his own.... She's very excited about his success, and I think they're going to be good for each other. They're definitely going to keep each other balanced."

Read the full story and see more photos at People