It’s only been about 16 months since Blake Lively gave birth to James, her first child with husband Ryan Reynolds, but the couple are already expecting their second baby.

Lively is reportedly pregnant with baby No. 2, according to a source close to the former Gossip Girl actress.

“Blake is absolutely thrilled and so is Ryan,” a source said to PEOPLE, while a different source claimed Lively may premiere her baby bump during the upcoming Met Gala on May 2.

Lively and Reynolds have expressed their shared desire to have a big family someday in past interviews, so the news isn't completely surprising.

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