AceShowbiz - Megan Fox, 38, is prioritizing her newborn daughter. While she's determined to an amicable co-parenting relationship with her ex Machine Gun Kelly, she has no plans of rekindling their romance.

"It feels magical to her that she now has a baby girl too," a source informed PEOPLE. "She's doing great and over the moon about her baby girl."

The last few months have been challenging for Fox, but she is determined to keep it civil with MGK for the sake of their baby. The source continued, "At this point, she plans on co-parenting with Colson, but that's it. She won't be getting back together with him."

"Whatever issues they have, Megan and MGK both are on the same page when it comes to co-parenting. Right now they're amicable."

While there's possibility of reconciliation, the insider emphasized that currently, the pair are keen on focusing on their daughter. "No one would be surprised if they gave their relationship another try down the line," the insider added, "But right now they're focused on what's best for their daughter."

MGK announced the birth of their daughter on March 27. Sharing the joyous news via Instagram, he posted a heartwarming black-and-white video of himself holding his newborn daughter's hand, captioned, "She's finally here!! our little celestial seed 🥹💓♈️♓️♊️, 3/27/25."

Fox is also a devoted mother to her three children - Noah Shannon, 12, Bodhi Ransom, 11, and Journey River, 8 - whom she shares with ex-husband Brian Austin Green.

Before announcing his baby's birth, MGK was embroiled in a public spat with Green who made no secret of his criticism of MGK in the past.

MGK accused the "90210" alum of leaking information about his baby to the media, but Green's fiancée Sharna Burgess explained that they asked about the baby simply because the kids that Fox shares with Green were ecstatic about the bundle of joy and frequently asked for updates.

As Fox navigates her new reality, she remains grateful for the support from Brian Austin Green and his fiancee Sharna Burgess.

"She's in a good place with both Brian and Sharna. She gets along really well with Sharna. Megan trusts her around the boys," the source shared in December. This strong support system is vital as Fox moves forward while embracing her new role as a mom to her baby girl.