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Blake Lively Is a Mom!

Blake Lively, Ryan Reynolds welcome first baby

According to multiple sources, the World's Hottest Couple — aka Blake Lively and Ryan Reynolds — are now officially parents for the first time! The couple reportedly welcomed their first child sometime over the holidays and before the New Year, near their home in Bedford, N.Y., say friends.

If it seems like just yesterday that the "Age of Adaline" star was revealing her pregnancy news to the world, that's because it kind of was. Lively, 27, spilled the baby beans back in October, when she announced the news on her lifestyle site, Preserve, and fans everywhere — including us — went wild.

The actress then spent the next two months making our jaws drop with her totally on-point pregnancy fashion. (Which you can relive right here, here and here.)

Though the baby's due date was never officially revealed, other than to indicate an early 2015 arrival, Blake and Ryan weren't expecting their little bundle o' joy to make its debut so early. Still, sources say that despite the premature birth, Blake and baby are doing just fine.

"The baby came early, but everyone is happy and healthy," the source told Us Weekly. "The Bedford house is all prepared. They're going to stay up there for the baby's first days."

No word yet on whether Baby Reynolds is a boy or girl, or what the famous parents will be calling him or her. But we're going to go ahead and call it right now: Whatever it is, we bet that's one good-lookin' kid.

And as for Dad? We bet he's psyched right about now.

"I'm just excited about having a buddy," Ryan told People several months ago about fatherhood. "We don't know if it's a boy or a girl yet, but whatever it is, you have this tether to reality that never goes away."

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