12 February 2013 2:21 PM, PST | Access Hollywood | See recent Access Hollywood news »

Alec Baldwin and wife Hilaria have a bundle of joy on the way!

According to People, the 54-year-old actor and the 28-year-old yoga instructor are expecting their first child together.

"We're so thrilled and we can't wait to meet our baby," the couple, who wed in June 2012, told the mag.

The actor is already a dad to daughter Ireland, 17, from his previous marriage to Kim Basinger.

Back in September, at the Emmy Awards, Hilaria told Access Hollywood's Billy Bush the couple wasn't quite ready to expand their family.

"I think we need a ...

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