AceShowbiz - Gisele Bundchen is gearing up for a new chapter in her life, complete with a significant twist. The supermodel is reportedly expecting her third child, but her first with her boyfriend, jiu-jitsu instructor Joaquim Valente.

A source told PEOPLE that Bundchen, 44, and Valente, 35, are excited about welcoming their first child 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," the insider revealed.

This joyous news comes two years after Bündchen finalized her divorce from former NFL star Tom Brady. The former couple, who was married for 13 years, shares two children, 14-year-old Benjamin Rein and 11-year-old Vivian Lake. Brady also has a 17-year-old son, Jack, from a previous relationship with actress Bridget Moynahan.

Bundchen and Valente's romance has blossomed since they were first spotted together in Costa Rica in November 2022. Initially denying any romantic involvement, they transitioned from friends to partners, officially dating since June 2023. Despite her preference for privacy, the supermodel's relationship with Valente has been a subject of public interest.

According to multiple sources, Bundchen decided to keep the baby's sex a surprise until birth. She reportedly plans to welcome the baby at home and feels fortunate to have Valente by her side. "She's excited about the baby and feels good," the source shared. "She's planning a home birth." Insiders disclosed that she is five to six months along, with the baby expected to arrive at the start of 2025.

Valente has been a source of comfort and support for Bundchen throughout her divorce. Their bond has grown stronger over time, with shared values and backgrounds playing a pivotal role in their relationship. "They come from similar backgrounds-they both left Brazil very young and created amazing lives for themselves in the U.S. They both love Miami, but also enjoy traveling," a source elaborated.

As Bundchen embarks on this new journey, she continues to focus on her children, emphasizing the importance of family and love. In a conversation with Robin Roberts (II), she acknowledged her belief in love and the surprises life brings, hinting at a positive and hopeful future with Valente. "Life is full of surprises. I don't have a crystal ball that says what will happen tomorrow, but yes," she shared.