Lyor Cohen Xin Li inside met gala 2015

Lyor Cohen and Xin Li inside the Metropolitan Museum of Art's Costume Institute Benefit celebrating the opening of "China: Through the Looking Glass" held at The Metropolitan Museum of Art, New York on May 5, 2015. 

David X. Prutting/BFA/Sipa

Veteran music executive Lyor Cohen is reportedly off the market. The former Warner Music Group chairman proposed to Chinese basketball player-turned-model-turned-art-adviser Xin Li recently while in Florence, Italy, according to Page Six.

Cohen, currently the CEO of 300 Entertainment, met Xin LI while vacationing in St. Barts over the holidays. In a May 2014 profile in Town & Country, the former model is described as "the most valuable speed-dial in the art world"; she currently works consulting uber-rich Chinese clients for Christie's.

Cohen's previous marriage ended in 2006 after 13 years. He then dated fashion designer Tory Burch for five years before splitting in 2013.