Life & Style is reporting that the 42-year-old former model and actress is currently expecting a child with her husband of one year, Arun Nayar!

Liz is already mother to Damian, 6, her son with Steve Bing, and although she's keeping mum on whether or not she's going to become a mum for the second time, witnesses at the Breast Cancer Research Foundation’s Hottest Pink Party Ever in NYC say Liz "abstained from alcohol" and " you could still see a little bump” under the tummy-covering sari she wore to the event.

Sounds like a positive omen to me!