Viveca Paulin and Will Ferrell

Funnyman Will Ferrell and wife Viveca Paulin will soon welcome another child to their home.

Check out photos of Ferrell

The couple is expecting a baby boy in January, according to People. The child will be the couple's third son, following Magnus, 5, and Mattias, 2.

Ferrell most recently starred in Land of the Lost this summer, and his Broadway show, Will Ferrell: You're Welcome America — A Final Night with George W. Bush, earned a Tony nomination.

Any predictions on what Ferrell will name his new son?