Ashlee Simpson and Pete Wentz are having a baby

According to OK Magazine, Ashlee Simpson and Pete Wentz are expecting a baby. The newly engaged couple will become parents in October, and are planning their wedding ceremony for May.

The two have support from both their friends and family. One friend told the magazine the following:

“These two love each other so much, are so happy about becoming parents and are fortunate enough to have really supportive families on both sides. They’ll figure it all out.”

Simspon’s rep did not respond to requests for a comment. The twenty-two-year-old singer/actress is expecting her new album Bittersweet World, to be released on April 22nd. Her twenty-eight-year-old husband-to-be, Pete Wentz, is the bassist for Fall Out Boy who recently released their album Live in Phoenix.

Ashlee Simpson and Pete Wentz are engaged!

During a family getaway to Colorado for his brother art exhibit, Fall Out Boy bassist Pete Wentz got down on one knee and asked Ashlee to be his wife. She said "Yes", of course! According to friends and family members everyone is completely thrilled and say the couple is very much in love. As long as they stay away from the reality show camera's perhaps this one will go much better than the marriage of a certain unnamed Simpson sister.