, a close friend of the star added: "Mel and Rose are so excited about the baby.
"Mel loves being a dad and he and Rose can't wait to be parents together.
"The last two years have been some of his happiest years he's ever had."
While Mel already has eight children from previous relationships, but the baby will be former professional equestrian and writer Rosalind's first.
The couple are delighted to be having their first child together Credit: GC Images An insider recently told the outlet: "She is great for him.
"She has her own life, but also seems to enjoy Mel's... They are very much on the same page."
The actor recently settled a child support battle with his ex-girlfriend Oksana Grigorieva over their six-year-old daughter Lucia, after they split in 2010.
He also has seven older children with his ex-wife Robyn, who he separated from in 2006 after 26 years of marriage.
Rosalind is a former equestrian and writer Credit: Getty Images Mel has seven children with his former wife and a daughter with ex-girlfriend Oksana Grigorieva Credit: AP:Associated Press Mel is 60 while Rosalind is 26 Credit: Getty Images The former couple finalised their divorce in 2011.
While the star is excited to welcome the latest addition to his brood with his girlfriend, he admitted following the birth of Lucia that he was struggling with being a father to a newborn baby after so long.
Mel is doing well in both his personal and professional lives Credit: AP:Associated Press Speaking to American chat show host Jay Leno, he said that earplugs were the only way to deal with his then screaming four-month-old baby.
Taking part in a nappy-changing game, Mel said being a father at his age was different from when he was younger.
Mel recently settled a child support case with his former girlfriend Oksana Credit: Getty Images He said: "You know, you're more mellow. There's shortcuts, I guess. Earplugs, you know!
"I will be honest, I would say that her mother does the lion's share of that work, but you know, I support her."
The former couple have a daughter together Credit: AP:Associated Press Mel's personal life isn't the only thing going well, as his new directorial project, Hacksaw Ridge, received a 10-minute standing ovation following its world premiere at the Venice Film Festival in Italy earlier this month.
The World War II drama, starring Andrew Garfield as real-life U.S. Army medic and Medal of Honour recipient Desmond Doss, has also garnered early Oscars buzz ahead of its release in November.