It looks like there is another royal baby on the way as Princess Charlene of Monaco and her husband Prince Albert are expecting their first child together at the end of the year.

According to E! News, the royal couple is said to be extremely happy with the upcoming arrival of a bouncing baby.

In a short statement it was revealed that they are filled with "immense joy." In the latest Italian issue of Vanity Fair, Charlene hinted at her pregnancy by revealing that she was ready to start a family.

She told the magazine, "I want motherhood very much, but everything is in God's hands," adding, "As a couple we have been through many difficult moments and profound changes in our personal lives, but being together has always been a challenge that has brought us together. I have boundless confidence in our love."

The Princess of Monaco went on to say, "Prince Albert is my husband, but he has also always been my best friend, and has been able to help me overcome obstacles that seemed insurmountable." The 36-year-old South African beauty married Grace Kelly's son on July 1, 2011.

Charlene and Albert's child will have plenty of family to play with growing up seeing as the Prince's niece, Charlotte Casiraghi, and nephew, Andrea Casiraghi, have both welcomed sons in the last few months.

Not only will the Princess have time to pick up parenting tips from her in laws but she will also be adding an heir to the Monaco throne to join the line along with Albert's sister, Caroline.