Gisele Bündchen is pregnant with her third child

Such wonderful news

Bündchen is expecting her third child with her boyfriend Joaquim Valente, which will be their first together.

"Gisele and Joaquim are happy for this new chapter in their life and they're looking forward to creating a peaceful and loving environment for the whole family," a source close to the star told PEOPLE.

Bündchen, 44, and Valente, 37, have been dating since June 2023, as was confirmed earlier this year.

"They have been dating since June," a source told PEOPLE of the couple.

"They're taking it slow. They started out as great friends first. She's very private about this and wanted to keep it quiet while they got to know each other."

The model has two kids with her ex-husband, NFL player Tom Brady - 11-year-old Vivian Lake, and 14-year-old Benjamin Rein.