The 32 year old, who recently reunited with his Busted bandmates, and Emma are preparing to welcome the new addition to their family in May (16), according to Britain's The Sun newspaper.

"Emma and Matt are thrilled. It's something they've been talking about for some time," a source tells the publication. "But there will have to be compromises as the baby will come at a time when they're both super busy.

"They know they'll make it work. They're used to juggling their family with increasingly busy careers."

The couple married in 2008 and is already parents to Isabelle, six and Ace, four.

Matt is set to embark on a reunion tour with the original Busted line-up next year (16), and Emma hosts the U.K. versions of The Voice and Big Brother.