04/14/2016 05:31 EDT | Updated 04/15/2016 09:19 EDT

Blake Lively Pregnant: Actress Expecting Second Child With Ryan Reynolds

Looks like baby James is going to be a big sister!

Brendan McDermid / Reuters
Actor Ryan Reynolds poses with his wife actress Blake Lively at the premiere of

Looks like baby James is going to be a big sister! Blake Lively and husband Ryan Reynolds are expecting their second child, People confirms.

"Blake is absolutely thrilled and so is Ryan," a source told the site.

The 28-year-old actress sparked pregnancy rumours earlier this week when she was spotted on the set of her upcoming film "The Shallows." Donning a wetsuit and a robe around her waist, it looked as though Lively was trying to hide a tiny baby bump.

Lively and Reynolds welcomed their first child, James, in December 2014, two years after they tied the knot. Since then, the couple has kept their baby girl out of the limelight and has been adamant about keeping their home life private.

Despite this, the couple has always been vocal about their desire to have a big family.

Back in 2013, Reynolds admitted to Us Weekly, "We'd love to have a big family. We both come from big families — my parents did four, Blake's did five. A lot of people say it's crazy, but we'll only know when we're there, you know? We'll walk through that fire pretty happily, I think."

Lively and Reynolds aren't the only ones to confirm they are expecting this week. Earlier it was revealed that Megan Fox and Susan Sarandon's daughter, Eva Amurri, are both expecting as well. We can't wait to meet their little ones!

Flip through the slideshow below to see who else is expecting in Hollywood:

Photo gallery Celebrity Babies We'll Meet In 2016 See Gallery