Babies On The Brain! Prince Harry And Meghan Markle Ready For Child No. 2

Watch out, Archie! There may be a new baby in town. Meghan Markle and Prince Harry are looking to expand their adorable family and give the 15-month-old a younger sibling.

"Now that they’re comfortable in their new home and everything else in their lives is locked in and going well, Meghan’s told Harry it’s baby time," the source revealed to Us. "She’s ready to be a mom again and can’t wait to start the process!"

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The source explained that the 39-year-old and her husband, 36, are "both really excited" about the "next phase of their family journey." Added the insider: "Seeing how happy and complete Harry is with Archie by his side is richly rewarding for Meghan. Meghan's confident a second child will be perfectly manageable on a practical level and will bring them even more love and joy."

The Duke and Duchess of Sussex met in 2016, tied the knot in 2018 and welcomed their baby boy one year later. After announcing the duo was stepping away from their royal duties in January, the former Suits star and the red-headed prince found their "place of peace" in Santa Barbara, California. Although they tried living in Los Angeles for a brief period, it was reported that "Harry absolutely hated it — the timing was so wrong amid the coronavirus pandemic and they lacked privacy." Luckily for Markle and Harry, their new mega-mansion is only an hour away from the Hollywood scene and the brunette beauty's childhood home, where her mother still resides.

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Earlier this month the Royalty turned Hollywood power couple signed a $150M Netflix deal to create their own production company with a focus on "creating content that informs but also gives hope," the couple said in a statement on September 2. "As new parents, making inspirational family programming is also important to us. … Netflix’s unprecedented reach will help us share impactful content that unlocks action."

"Meghan wanted them to find their footing with Archie first, and also get the big move out of the way and know where they were going career-wise," an Us source dished, adding that they're now planning for what's next. OK! previously reported the couple hopes their $14.65M move to California and Netflix deal will help them rebrand themselves as Hollywood stars.

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Between leaving the royal family, starting their own production company and looking to expand their family, Meghan and Harry really are making big changes — and their future looks bright!