A massive congratulations are in order for Fall Out Boy's Pete Wentz: He and his family are ringing in the new year with news that he's expecting his third child!

Read more: QUIZ: Which Pete Wentz era are you?

Wentz shared a heart-melting image on Instagram, saying they'll be “kicking the year off with news of the best gift yet”—and the baby emoji says it all. (Plus, that pink wrapping paper has to mean a little girl!)

Pictured are his two boys, Saint Lazslo and Bronx Mowgli, who are about to be big brothers—and we couldn't be happy for their family!

Not to mention, 2018 is going to be an exciting year on the FOB camp, too. The band's new album, M A  N   I    A, is due out January 19.

When talking about their new album for issue 347, Patrick Stump says this album is going to be different than anything they’ve done before.

“This [record] is the most off-script we’ve gone,” Stump tells AP for the very first story on their new album. “I want to try to invent something, because life’s too short.”  

Share your congrats for Wentz in the comments below!

Watch more: 300 Seconds With Pete Wentz