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"The couple are incredibly overjoyed," the rep says.
This is the first child for Presley, 40, and her husband, guitarist and music producer Michael Lockwood, 46, who were married in Japan in January 2006.
Presley has two children, daughter Riley, 18, and son Benjamin, 15, with ex-husband Danny Keough.
JOSH & FERGIE: ROCKED BY SCANDAL
Did he cheat with a stripper?
Married less than a year, the couple denies an Atlanta woman’s claims that she and Josh had a fling
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