Penelope Cruz, Javier Bardem

BAUER-GRIFFIN.COM

Penélope Cruz and Javier Bardem's little tyke Leo is getting a little sibling!

Two years after welcoming their son, the gorgeous A-list couple are now expecting their second child, a source confirms to E! News.

Reportedly, the 38-year-old actress is "around three months" pregnant, our source tells us, noting that Penélope is especially happy because her sister Monica Cruz is also pregnant. (The New York Post first reported the news.)

E! News has also exclusively confirmed that Penélope and her hubby are currently vacationing on Johnny Depp's private Caribbean island off the coast of the Bahamas—a fitting getaway, considering she costarred with Depp in Pirates of the Caribbean: On Stranger Tides.

The Spanish couple have kept a fairly globetrotting lifestyle over the past year. Last spring, they moved the fam into temporary digs in London right next door to—wouldn't ya know it?—Prince William and Kate Middleton at Kensington Palace while Bardem, 43, was busy shooting Skyfall.

Most recently, they were spotted in Madrid taking Leo to the zoo.

With baby No. 2 on the way, Mama and Papa better get ready to start expanding that family nest.

Congrats to the happy couple!

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