United Kingdom, Feb. 1 -- Gisele Bundchen is "thriving" ahead of welcoming her third child.

The 44-year-old model - who already has Benjamin, 15, and Vivian, 12, with her ex-husband Tom Brady - is currently preparing for the arrival of her first child with boyfriend Joaquim Valente, and Gisele appears to be "the happiest she's ever been".

A source told PEOPLE: "Gisele's doing great. She seems the happiest she's ever been. She's truly thriving."

The model - who was married to Tom between 2009 and 2022 - is planning to give birth at home and Joaquim "can't wait for the baby to arrive".

The insider explained: "The baby has been a happy surprise.

"Joaquim can't wait for the baby to arrive. They are planning a home birth."

News of Gisele...