The news has finally broke— Lively and Reynolds have a new bundle of joy in their family!

While very little is known at this point about the new baby, sources say everyone is doing well.

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This is the first child for Blake Lively and Ryan Reynolds. The couple met in 2010 on the set of The Green Lantern and got married in 2011.

In the past, Lively and Reynolds have expressed their desire for a large family. Lively is one of five kids and Reynolds is one of four.

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-Lia Rosalsky, CW Philly