Russell Brand is a happy man and thats not only because hes got a new leading lady in his life.

The actor, who was previously married to Katy Perry, is rumored to be engaged to Laura Gallacher. But the rumor mill doesn't stop there for this cute couple — the pair is said to be expecting their first child together, too!

The 41-year-old comedian and his 27-year-old love reportedly told friends and family about the exciting news during an "engagement party" at his Riverside home in Oxfordshire over the weekend, according to Daily Mail.

The "hippie-style" engagement party included a few famous attendees such as Laura's sister, Kirsty Gallacher, who is an English television presenter, as well as Susie Amy, one of the stars of the British TV show Footballers' Wives — these two even shared some Instagram posts about the event, so we can get a glimpse of the festivities.

Kirsty Gallacher captioned one pic of her and Susie Amy: "Gorgeous day with @susieamy et al Brand/Gallacher family day!"

Congrats Russell and Laura!