Megan Fox and her fiance Machine Gun Kelly put split rumors as they attended the starry Sports Illustrated Swimsuit Issue release party in New York City.

The actress, 37 — who is one of the many famous sex symbols featured in the magazine’s glossy pages — nearly spilled out of her low-cut sheer black dress while posing on the red carpet.

Despite putting on a loving display with her beau, Megan decided to go without the custom two-stone engagement ring MGK gave her in January 2022.

The couple did not walk the red carpet together but they were captured having a sweet moment in the wings.

It’s been rumored in recent months that Megan and MGK’s relationship is on the rocks following allegations the rapper-turned-rocker had been unfaithful.

They were last spotted together in photos obtained by DailyMail.com early last month as they vacationed in Hawaii.

What split? Megan Fox and her fiance Machine Gun Kelly put split rumors as they attended the starry Sports Illustrated Swimsuit Issue release party in New York City

The couple did not walk the red carpet together but they were captured having a sweet moment in the wings.

Busty bombshell: The actress, 37 — who is one of the many celebrity covergirls for the 2023 edition — nearly spilled out of her low-cut sheer black dress while posing on the red carpet

A source dished that although they had endured a ‘rocky patch’ in their whirlwind romance, Megan and MGK are ‘officially back on’ and ‘feel more connected than ever.’

The pair began dating in May 2020 following Megan’s shock split from her husband of 10-years and the father of her three children, Brian Austin Green. MGK proposed to the Transformers star the following January.

But Thursday was Megan’s night as she celebrated her incredible SI cover — which shows her modeling a barely-there bodychain made of shells on the beach.

The Jennifer’s Body actress’ daring launch party dress had a sheer long-sleeved bodice that exposed her chiseled torso and sculpted arms.

It had a low-rise black satin skirt that flowed to the floor and trailed behind her as she worked her angles for shutterbugs solo.

Instead of her signature raven hair, Megan showed off her long, auburn tresses.

As for makeup, the screen star didn’t stray from her go-to glam as she offered a sultry gaze lined in black with lids dusted in shimmery brown eyeshadow.

Her unnaturally plump pout was drenched in pink lip gloss and her angelic features carved out with bronzing powder.

For a bold pop of color against her black gown, Megan painted her point manicure a bubblegum pink shade for the star-studded night in NYC.

Despite being considered one of the sexiest women alive, Megan dished to Sports Illustrated that she has always struggled with her self-image.

‘I have body dysmorphia. I don’t ever see myself the way other people see me,’ the mother-of-three confessed.

‘There is never a point in my life where I loved my body,’ she said. ‘Never, ever.’

Megan said that she became ‘obsessed’ with her appearance at an early age but that it wasn’t the result of her childhood.

‘It definitely wasn’t environmental because I grew up in a very religious environment where bodies weren’t even acknowledged,’ she explained. ‘The journey of loving myself is going to be never-ending, I think.’

Along with stealing the show on Thursday’s red carpet, Megan made sure to mingle with her fellow Sports Illustrated covergirls.

She was captured posing for a photo with Martha Stewart, 81, who made history as the oldest woman to pose for the magazine.

The DIY queen stunned in a plunging gold gown with a starburst design embroidered with countless sparkly bronze sequins.

Stars attend red carpet for Sports Illustrated Swimsuit launch

They looked very much in love

Rumors: It’s been rumored in recent months that Megan and MGK’s relationship is on the rocks following allegations the rapper-turned-rocker had been unfaithful

They had a united front

Instead of her signature raven hair, Megan showed off her auburn locks in a sleek and straight style

Daring: The Transformer star’s daring dress had a plunging neckline, a sheer bodice and stylish black satin skirt that flowed to the floor

Punk prince: Machine Gun Kelly paraded around in a black leather combat boots that popped against his white pinstripe suit

Hot! The Jennifer’s Body actress’ daring launch party dress had a sheer long-sleeved bodice that exposed her chiseled torso and sculpted arms

Auburn angel: Instead of her signature raven hair, Megan showed off her long, auburn tresses

Even off the red carpet, Megan turned heads

Covergirls: She was captured posing for a photo with Martha Stewart, 81, who made history as the oldest woman to pose for the magazine

She also posed with James Badge Dal

Her beau’s bleach blonde hair looked disheveled and he accessorized with silver chainlink bracelet and gothic rings

Designer: The Tickets To My Downfall hitmaker rocked a pearl Vivienne Westwood necklace that sat just below the collar of his white button-up shirt

 He appeared to have smudged black eyeliner

MGK also spent some time with the DIY icon, wrapping his arm around her as they spoke

Her fiance Machine Gun Kelly paraded around the venue in a black leather combat boots that popped against his white pinstripe suit.

The Tickets To My Downfall hitmaker rocked a pearl Vivienne Westwood necklace that sat just below the collar of his white button-up shirt.

His bleach blonde hair looked disheveled and he further accessorized with silver chainlink bracelet and gothic rings.

Despite his edgy persona, MGK absolutely lit up while spending time with Martha Stewart inside the event.