Rapper Lil Wayne is set to become a father for the third time - model/actress Lauren London is allegedly pregnant with his child.

The Lollipop hit-maker, real name Dwayne Michael Carter, Jr., welcomed his second baby, a son, in October - and now he's preparing for another addition to his brood, according to online gossips.

Rumors about London's condition recently surfaced on the internet, and now reports suggest the pair are ready to go public with their happy news.

A source tells Bossip.com, "Lauren and Wayne weren't happy about the pregnancy initially, but they have accepted it and chosen to raise the baby together. Everyone's all smiles now and very excited about the new baby. Lauren says that she's not worried about the pregnancy affecting her career, and doesn't really care about what people think. She's stayed very positive throughout this entire time. Lauren and Lil Wayne have decided not to live together or continue with their five year 'on again, off again' relationship at this time."

Carter also has a daughter, nine-year-old Reginae, from a previous relationship. The identity of his son Dwayne Michael Carter III's mother is unknown.

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(This news article provided by World Entertainment News Network)