Blake Lively and Ryan Reynolds Expecting Their Third Child

The Reynolds household is about to get even livelier.

Blake Lively revealed she was pregnant with her third child when she stepped out at the New York City premiere of Pokémon: Detective Pikachu on Thursday wearing a yellow dress which hugged her baby bump.

Lively, 31, also posed alongside husband and Pikachu star Ryan Reynolds.

A rep for the actress did not immediately respond to PEOPLE’s request for comment.

The couple – who wed in 2012 – are already parents to 4-year-old daughter James and 2-year-old Inez.

Reynolds, 42, and Lively have built a cozy life outside of Hollywood for their adorable brood, making their home base in Bedford, New York.

There, focus is on family.

Reynolds recently told PEOPLE he and Lively won’t work at the same time in order to keep their family together.

“Blake and I don’t do movies at the same time. If she is doing a movie in Thailand and I am doing a movie in Vancouver we would just never see each other. We operate as a unit, and that works really well for us,” Reynolds said.

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