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Erin, 36, an attorney, is due this winter.
"Erin and I are thrilled and can't wait to meet our newest addition," Stanley, 56, said in a statement to PEOPLE. "We've been extremely blessed and we're excited to see what the future holds. I often joke that I've traded the Viper Room for the diaper room, and it looks like my tour's been extended!"
The couple, who married in 2005, live in Beverly Hills with their son Colin, who turns 2 in September, and Paul’s 14-year-old son, Evan, from a previous marriage.
News of the pregnancy comes as Stanley recently completed the European leg of The Kiss Alive/35 World Tour, which encompassed 30 sold-out shows in seven weeks.
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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