Jay Z, Beyonce Knowles

Jeff Kravitz/FilmMagic

Quick, everyone on Beyoncé bumpwatch...again!

The singer and hubby Jay-Z are expecting their first child, according to Us Weekly.

A source tells me it's true, but...

This certainly isn't the first time the superstar couple has reportedly been with child.

Back in March, mediatakeout.com claimed B was preggers. But a source told us at the time not to start sending baby booties and rattles.

Speculation that the two were ready to start a musical dynasty family took off in January when Beyonce told USA Today she wanted to take some time off "to just live life."

But it was almost two years ago that she admitted to Elle magazine she wasn't keen on giving birth. "No way!" she said. "I'm terrified of delivering a child because I saw my nephew being born. That traumatized me. I'm only 27. I've got time."

Is now the time? Like we said, let he baby-bumpwatch begin!

As usual, reps for the two aren't commenting on the latest report.

Jay-Z is currently in Miami to launch Decoded, his new multiplatform interactive game with Bing. No word if his wife will be joining him for the festivities.

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