Blake Lively, Ryan Reynolds, Cannes

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It's the question we've all wanted to know: Is it a handsome boy or a beautiful girl?

And just one day after news broke that Blake Lively and Ryan Reynolds welcomed their first child together, E! News can confirm the baby's gender.

A family member reveals the couple's little bundle of joy is a lovely baby girl!

"They're all doing really well," the family insider told E! News. "They're obviously loving being new parents."

And as some reports suggest Lively gave birth before the holidays, our source can confirm most of the immediate family has left the couple alone allowing "just Blake, Ryan and the baby" together to savor all those precious milestones.

Just two months ago, Reynolds admitted to not knowing the sex of his upcoming family member. Instead, he was simply thrilled to welcome a child of his own.

"I'm just excited about having a buddy," he told People. "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."

He added, "I don't have a weak stomach. I'm good with diapers, diarrhea and all that kind of stuff because I have lots of nieces and nephews, so I've done it all before."

While we eagerly wait for the baby name reveal—we know Reynolds has more than a few ideas—the couple is simply enjoying the start of a new family that could expand once again.

"I came from a big family...a big family of Southerners," Lively told E! News in October. "I'm the youngest of five, so I never raised any siblings below me, but I'm always the person who's taking everyone else's kid and putting them on my hip, so I've kinda always been a mama. So we'll see."

Enjoy the first weeks of parenthood, you two! 

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