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Giuliana and Bill Rancic Having a Baby!

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Bill and Giuliana Rancic at The Redbury Hotel on March 3, 2011 in Hollywood, California.

Dreams came true Giuliana and Bill Rancic: A baby-to-be!

"We are so thrilled that our prayers have been answered," reality star and TV host Guiliana, 37, told E! News Monday. The couple's first child is due in late summer via gestational surrogate.

Gushed her hubby of five years Bill, 40: "We are absolutely ecstatic to be sharing this with everyone who has been following our journey."

Related: PHOTOS: Couples who have struggled to conceive

It's been a long journey indeed. The pair were frank with fans and on their reality show Giuliana and Bill about their years-long struggle to conceive, which included failed IVF treatments and a miscarriage; late last summer, Giuliana was set for another round of IVF when she was diagnosed with breast cancer.

She eventually opted to undergo a double mastectomy, and is currently cancer free.

Related: PHOTOS: Couples who have welcomed kids through surrogates

Moments after E! News' online announcement, the couple broke the news in person chatting with Ann Curry on TODAY.

"We are finally having a baby!" Giuliana said emotionally. She said that they know the baby's gender, but "we're not telling anyone yet."

Explaining that the baby-to-be  is their biological child, the couple told Curry that they were set up with their surrogate through their doctor in Colorado after their last IVF attempt. The woman is "a dream come true," Giuliana raved; although she lives in another state, the couple visit with her every month and accompany her on doctor's appointments.

VIDEO: Giuliana and Bill open up to Us about their challenging 2011

"We see the baby grow and it's very exciting," Bill said.

When doctors confirmed the surrogate was pregnant, "It was  pretty much one of the best moments of my life if not the best moment of my life," Giuliana admitted.

"It was pretty emotional," Bill added. "This was our last effort."

We received an incredible amount of love and prayers from viewers around the world," Giuliana told E! "and we want to take this opportunity to thank each and every one of them for their love."

"What more can i ask for?" she said on TODAY.

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