Channing Tatum Expecting Baby with Jenna Dewan-Tatum: 'Step Up' Actress Pregnant with First Child [PHOTOS]

Reports confirm that "Magic Mike" heartthrob Channing Tatum and his "Step Up" costar-turned-wife Jenna Dewan-Tatum are expecting a baby together! Tatum's rep tells E! News that the 32-year-old starlet is indeed pregnant with the couple's first child. The beautiful brunette and mommy-to-be hit up the red carpet for VH1's annual Divas show in L.A. Sunday evening (Dec. 16), flaunting an adorable baby blue dress that highlighted her barely visible growing baby bump.

Tatum's stunning wife stopped to conduct a few short interviews on the red carpet before making her way to the backstage VIP greenroom. Dewan-Tatum was even spotted holding and caressing her adorable blossoming belly throughout the evening! The actress opted for water as she chatted the night way with gal pals Stacy Keibler and Ellie Kemper.

Both of the Hollywood stars' reps recently announced in a statement - "The couple are pleased to announce that they are expecting the birth of their first child next year."

Tatum was recently named People magazine's "Sexiest Man Alive" for 2012... he told the popular tabloid during an exclusive interview that he and Jenna were definitely ready to start a family:

"I'm ready; I think she's ready," he gushed. "The first number that pops into my head is three, but I just want one to be healthy and then we'll see where we go after that."

Perfect timing for Tatum - after a busy year with several blockbuster hits, the "21 Jump Street" actor plans on taking some time off to focus on home-life and a career behind-the-scenes.

(50 Shades of Grey Movie Casting News: Channing Tatum Out, E.L. James Christian Grey Must-Haves, 'Intelligence, Humor, AND Looks' [POLL]).

The happy couple met on the 2006 movie set for the hit dance flick "Step Up." They started dating shortly after, and married in Malibu, CA on July 11, 2009.

Congratulations to the Tatums on such exciting baby news!