Wonderful news for this happy couple ...

Olivia Wilde is pregnant, People confirms. The 29-year-old actress is expecting her first baby with fiance Jason Sudeikis, 38.

“They are incredibly happy,” a source close to both says. “They’re very excited to welcome a new member into their family.”

Reps for both Wilde and Sudeikis confirmed the baby news to People.

The two first met during the season finale of Saturday Night Live in 2011 and began dating six months later. They got engaged in January 2013.

“I can’t wait for children," Wilde said in the April issue of Marie Claire. "I’m open-minded about how many, but three, which I love, is like a little party. [Jason] is so good with kids," she added. "I’ve never before experienced looking at someone and thinking,’ That’s who I want to raise a child with.’”

Congrats to Olivia and Jason!

Also on HuffPost:

Loading Slideshow...
  • Lake Bell

    Actress <a href="http://www.huffingtonpost.com/2014/04/24/lake-bell-pregnant_n_5204684.html" target="_blank">Lake Bell is pregnant</a> with her first child with husband Scott Campbell.

  • Gabby Hoffman

    "Girls" actress <a href="http://www.huffingtonpost.com/2014/06/07/gaby-hoffmann-pregnant_n_5466050.html" target="_blank">Gaby Hoffmann is expecting</a> her first child with cinematographer boyfriend Chris Dapkins.

  • Kourtney Kardashian

    Kourtney Kardashian is <a href="http://www.huffingtonpost.com/2014/06/04/kourtney-kardashian-pregnant_n_5444993.html" target="_blank">pregnant with her third child</a> with partner Scott Disick.

  • Jenni "JWoww" Farley

    JWoww, who's expecting her first child with fiance Roger Mathews in July, is set to welcome a little baby girl.

  • Christina Aguilera

    Aguilera is reportedly expecting her second child, her first with fiance Matthew Rutler.

  • Scarlett Johansson

    The actress is reportedly expecting her first baby with fiance, Romain Dauriac.

  • Mila Kunis

    Kunis is reportedly expecting her first child with fiance Ashton Kutcher.

  • Stacy Keibler

    Keibler is expecting her first child with new husband Jared Pobre.

  • Siri Pinter

    Carson Daly and longtime love Siri Pinter are expecting their third child.

  • Snooki

    Snooki is expecting her second baby with fiance Jionni LaValle.

  • Alyssa Milano

    Milano is expecting her second child, a baby girl, with husband David Bulgari.

  • Christina Ricci

    The actress is expecting her first child with husband James Heerdegen.

  • Rachel Bilson

    Bilson is reportedly expecting her first child with longtime boyfriend Hayden Christensen.

  • Kristen Bell

    Bell is expecting her second child with Dax Shepard.