The Swedish royal family is about to get a little bigger!

Princess Madeleine, 32, is pregnant and expecting her second child with her 40-year-old husband, British-American banker Christopher O'Neill, the royal court confirmed on Friday, Dec. 19.

"We are very happy and look forward to welcoming a new member to our family," the couple said in an official statement.

swedish royal family
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Princess Madeline, Christoper and Leonore in June 2014.

Princess Madeleine and Christopher are already parents to a daughter, Leonore Lilian Maria, who was born on Feb. 20, 2014 in NYC.

It's expected that Leonore's new sibling — who is due next summer — will be born in Sweden, the princess' representative revealed.

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Princess Madeline — who is the youngest child of King Carl XVI Gustaf and Queen Silvia of Sweden and fourth in line to the Swedish throne — married Christopher on June 8, 2013 at the Royal Palace chapel in Stockholm.

To read the court's statement, click here!