UPDATE: The Royal baby is HERE! According to the release, Meghan Markle has given birth to a baby boy. No name has been released, but all are doing well.

"Her Royal Highness The Duchess of Sussex was safely delivered of a son at 0526hrs," the release reads. "The baby weighs 7lbs  3oz. The Duke of Sussex was present for the birth."

Unlike when his brother had his babies with Kate Middleton, this couple didn't do the typical photo opp in front of the hospital -- at least not yet. But Prince Harry did speak to press and he looked over the moon!

PREVIOUSLY:

If you had today in your royal baby pool, you may be in luck because the moment Royal watchers have been waiting for is finally here! Meghan Markle, the Duchess of Sussex is currently in labor, meaning she and Prince Harry are about to become royal parents!

As promised, Buckingham Palace confirmed that the Duchess had in fact gone into labor in a statement confirming the news, PEOPLE reported. “The Duchess went into labor in the early hours of this morning. The Duke of Sussex was by Her Royal Highnesses’ side. An announcement will be made soon,” the statement read.

There have been many conspiracy theories surrounding this latest royal pregnancy. Many royal watchers have been convinced that Markle has already given birth and was taking time to bond privately with her new baby, especially after Buckingham Palace released a statement suggesting that the Duke and Duchess of Sussex wouldn't be posing for pictures with their newborn as they leave the hospital, like Prince William and Kate Middleton have done with all three of their children.

"Their Royal Highnesses have taken a personal decision to keep the plans around the arrival of their baby private," the statement read. "The Duke and Duchess look forward to sharing the exciting news with everyone once they have had an opportunity to celebrate privately as a new family."

Many other royal experts took the opportunity to shut down reports Markle had already given birth, assuring the public that she was definitely still pregnant.

The Palace also shut down the conspiracy theories and assured the public they would make an announcement with the newest royal was on their way, as they did this morning. Fans also don't know if the Duke and Duchess will be expecting a boy or a girl, and it seems neither do they.

During a royal appearance, a young girl told PEOPLE she asked the expectant mother if she was having a boy or girl. "We don’t know whether it’s a boy or girl, we are keeping it as a surprise.’" Markle reportedly told the young fan.

Today will be an exciting day as royal watchers wait to hear if the newest royal will be a boy or girl, and what they will be named. British bookmakers told CNN that if current bets are to be trusted, it looks like the couple will be welcoming a daughter and her name may be Ivy. Alice, Diana, Victoria, and Elizabeth have also been popular bets for girl names while Arthur, James, and Alexander are the most popular bets for boy names.

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