British style site Grazia Daily reports that the German stunner, 39, is pregnant with her third child. Schiffer and movie producer hubby Matthew Vaughn (married in 2002) are already parents to son Caspar, 6, and daughter Clementine, 5.
"We are delighted with the news and can't wait to add to our family," Schiffer tells Grazia.
It seems like supermodels are popping out babies left and right these days: Gisele Bündchen and Tom Brady, Heidi Klum and Seal, Camila Alves and Matthew McConaughey -- not mention glamazons Adriana Lima and Karolina Kurkova -- are all baby crazy.
Klum is even making a new career designing maternity wear. Schiffer's looking to launch her own line, too. Party on!