Jennifer Garner and Ben Affleck have announced that they are thrilled to have another baby on its way.

Representatives of the actors, released a short statement on Monday saying that the couple are expecting their third baby, the Associated Press Reported.

They already have two daughters, Violet, 5, and Seraphina Elizabeth Rose Affleck, 2. According to US magazine, Garner always wanted three children. Garner spoke to US magazine earlier this month saying how you have to have a great nanny and husband to help balance work and family life.

Meanwhile, both Garner and Affleck are busy with their film careers. Garner who recently starred in Arthur, will also be starring in The Odd Life of Timothy Green, which she promoted at Disney's D23 Expo last week.

Director of The Town, Affleck, is set to star in Terrence Malick's upcoming untitled project.

Jennifer Garner, Ben Affleck Expect Third Child
Actress Jennifer Garner plays with her 3-month-old daughter Violet Anne, who she parents with husband Ben Affleck, in Los Angeles March 26, 2005. Reuters
Jennifer Garner, Ben Affleck Expect Third Child
Actors Ben Affleck (L) and Jennifer Garner take their seats before the MLB American League baseball game between the Red Sox and the New York Yankees at Fenway Park in Boston, Massachusetts, June 2, 2007. Reuters
Jennifer Garner, Ben Affleck Expect Third Child
Actors Ben Affleck (L) and Jennifer Garner cheer before the MLB American League baseball game between the Red Sox and the New York Yankees at Fenway Park in Boston, Massachusetts, June 2, 2007. Reuters
Jennifer Garner, Ben Affleck Expect Third Child
Actress Jennifer Garner poses at the premiere of her new action film "Daredevil" in Los Angeles February 9, 2003. The film, also stars Ben Affleck and is about a man blinded by radioactive waste which also enhanced his remaining senses who fights crime as an acrobatic martial arts superhero. The film opens February 14, 2003. Reuters
Jennifer Garner, Ben Affleck Expect Third Child
Actors Jennifer Garner (R) and Ben Affleck leave the court at halftime in Game 7 of the NBA Eastern Conference basketball playoff series between the Boston Celtics and the Orlando Magic in Boston, Massachusetts May 17, 2009. Reuters
Jennifer Garner, Ben Affleck Expect Third Child
Actors Jennifer Garner (L) and Ben Affleck laugh at Game 1 of the World Series between the Red Sox and St. Louis Cardinals at Fenway Park in Boston on October 23, 2004. The Red Sox won the game 11-9. Reuters