Credit: Kevin Mazur/WireImage

Baby on board!

Brazilian model Michelle Alves is pregnant with hubby Guy Oseary's baby! "Congrats to Elite Model Michelle Alves on her third child," Elite Model NY tweeted Monday.

Oseary became the manager of his longtime business partner Madonna in 2005.

He also published photography retrospectives from Madonna's 2006 Confessions Tour and the 2008 Sticky & Sweet Tour.

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Oseary is a principal in Untitled Entertainment, a top entertainment management company whose clients include Hilary Swank, Penelope Cruz, Demi Moore and Ashton Kutcher.