UPDATE: The Palace has confirmed that Princess Beatrice will be married at the at the Chapel Royal at St James Palace, adding that they chose the location for its "intimate atmosphere."
The magazine confirmed the couple will tie the knot on May 29, though the venue location for their ceremony has yet to be officially revealed. It's previously been reported that the reception would take at Buckingham Palace, and sources told People the ceremony could take place near the palace, perhaps the Royal Military Chapel, which is a church located across the road.
Either way, Beatrice's wedding will be the first royal wedding to take place in London since Prince William and Kate Middleton married at Westminster Abbey, followed a reception at Buckingham Palace in 2011.
A source also told People that her father, Prince Andrew, will likely walk her down the aisle.
"I definitely think he will walk her down the aisle," the source says. "He plays a very traditional role in her life. She’s his greatest supporter."
"This is obviously very hard times," People's source said. “Beatrice would never do anything to be hurtful to her father. He’s going to be by her side and she’s going to be by his.”
It's also been reported that Beatrice's wedding will be a relatively low-key affair in comparison to sister Eugenie, who married at Windsor Castle (like Meghan Markle and Prince Harry).
Princess Beatrice announced her engagement to Mozzi, a property developer, last year, revealing he popped the question during a romantic vacation the pair had taken to Italy.