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Bolton 'Very Serious' about Nicollette

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It’s looking like Michael Bolton and Nicollette Sheridan are getting closer to the altar.

“Look, if I did not feel this is the story, I would not have invested so much time and energy in it,” the singer tells New York’s Daily News, which reports that Bolton, 52, and the Desperate Housewives star, 42, snuggled together for photographers covering InStyle magazine’s Golden Globes after-party.

Asked about the engagement rumors, Bolton replied: “Nicollette and I are very serious about each other. … I am very committed. It is a very special time in my life. I have a good feeling about the future.”

As PEOPLE reported earlier this month, Bolton reunited with Sheridan (the two dated in the early ’90s), and he serenaded her with an impromptu New Year’s Eve mini-concert in Hawaii, as the pair partied at the Kahala Mandarin Oriental.

[people_legacy_video id=1]Last October, Sheridan broke off her 10-month engagement to Nicklas Soderblom. She and L.A. Law actor Harry Hamlin divorced in 1993, after being wed for two years. Bolton, who divorced wife Maureen McGuire in 1990 (after 15 years of marriage), raised three daughters as a single father.

“I have not been that happy for a long time,” he told TV interviewer Daphne Barak, as quoted by the Daily News. “I have been staying at Nicollette’s place in L.A. the last several days. We just needed this time together. We are both giving it a real try.”