Blake Lively and Ryan Reynolds Expecting Their Third Child

The Reynolds household is about to get even livelier.

Blake Lively revealed she was pregnant with her third child when she stepped out at the New York City premiere of Pokémon: Detective Pikachu on Thursday wearing a yellow dress which hugged her baby bump.

Lively, 31, also posed alongside husband and Pikachu star Ryan Reynolds.

A rep for the actress did not immediately respond to PEOPLE’s request for comment.

The couple – who wed in 2012 – are already parents to 4-year-old daughter James and 2-year-old Inez, whose name has not yet been released.

Reynolds, 42, and Lively have built a cozy life outside of Hollywood for their adorable brood, making their home base in Bedford, New York.

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There, focus is on family.

In December, Reynolds gushed of he and Lively’s life together: “It’s like an actually cohesive, working, functioning family.”

He added to Entertainment Tonight, “It’s amazing to see my older daughter taking care of my younger one. The Lion King was right! The circle of life, it exists.”

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Though Reynolds is currently outnumbered, that doesn’t mean he’s hoping for a boy this time around. He told PEOPLE in 2016: “Having a daughter was a dream come true for me. If I could have nine daughters, I would be thrilled. Really, like I genuinely would be.”

In general, Reynolds has truly taken to fatherhood. “It’s the best thing. It’s the best thing that could ever happen to you,” the Deadpool star told eTalk last year.

Let’s hope delivery is just as exciting this time around: In April, Lively admitted that she gave birth to her daughter while Reynolds played “Let’s Get It On” in the background of her hospital room.