Blake Lively reveals baby bump on red carpet

Ryan Reynolds and Blake Lively walked the red carpet for Reynold's new movie, Pokémon Detective Pikachu. (Instagram/@Todayshow)

NEW YORK CITY (WTHR) — Ryan Reynolds and Blake Lively are pregnant!

Lively revealed her baby bump for the first time on the red carpet at Reynold's movie premiere.

Although she did not confirm the pregnancy, the baby bump makes it clear that they will be having a third baby in the near future.

Lively and Reynolds are proud parents to daughters James, 4, and Inez, 2.