Prince Harry and Meghan Markle are taking the next step in their whirlwind romance!

The British royal has already popped the question to his girlfriend of six months, and now sources reveal exclusively to Life & Style that the couple is ready for a baby.

MORE: Prince Harry is Engaged to Meghan Markle — and Queen Elizabeth Isn't Happy About It!

"They’ve discussed having babies together, and they both can’t wait,” the source reveals. "They’ve told pals they want to start trying after the first of the year."

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While Harry's grandmother is already leery of the relationship since Meghan, 35, is American and divorced, the source adds the couple will make it official first.

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"Harry knows everyone would go ballistic if Meghan got pregnant before they married,” the source says. “On the other hand, with Harry, you never know!”

For more on your favorite celebrities, pick up the latest issue of Life & Style, on newsstands now! For more of Harry's cutest moments as a bachelor, check out the gallery below!