The rumors can finally be put to rest. Alicia Keys and Swizz Beatz are officially planning a wedding and expecting a baby.

The singer and producer “are expecting a baby and are engaged to be married in a private ceremony later this year,” reps for the couple confirm to PEOPLE.

This will be the first child for Alicia and third for Swizz, who is father to two sons, Kasseem Jr., 3, and Prince, both from previous relationships. He was previously married to R&B singer Mashonda.

The high-profile couple has kept their relationship quiet, but friends say, “They’re very happy.” They were all smiles at Thursday night’s Keep a Child Alive Black Ball in London.

Whispers about Alicia’s pregnancy began to spread after she showed signs of a baby bump during appearances in the U.K. this week.