Lisa Marie Presley is pregnant! Reports are that Elvis' baby girl is pregnant with her third child - this according to Australia's Daily Telegraph. Presley is on her fouth husband, Michael Lockwood, a musician and this will be their first child together.

Lisa,40, and has two teenagers - her daughter Danielle Riley, a model and son Benjamin Keough - their father is Presley's first husband Danny Keough. Let's not forget that Lisa was once Mrs. Michael Jackson. She never had a kid with him. Thank goodness for small miracles.

Lisa's rep has declined to comment on the pregnancy - of course - but that doesn't mean we don't believe it! Let's watch for that baby bump.

Presley's mom, Priscilla will be one of the contestants on ABC's Dancing With The Stars.