UPDATE: It's a boy! "Penélope and Javier welcomed their first son into their family last week," reps for the couple said in a statement Wednesday. "Both parents and baby are doing great."
According to Spanish newspaper El Pais, Penelope went into labor today and gave birth at Cedars Sinai Hospital in L.A.
Penelope and Javier are notoriously private so we don't even know the sex of the baby.
She wouldn't even confirm her pregnancy until she was almost five months and her growing belly became increasingly hard to hide.
Can't wait to find out the sex and name of the baby! Stay tuned for more details...