We're Having a Baby!-Giuliana and Bill Rancic.

Giuliana and Bill Rancic have announced they are expecting their first child via a gestational surrogate. The child will have the Rancic gene.

The gorgeous Giuliana, who just underwent a double mastectomy after being diagnosed with breast cancer last year, and her equally handsome entrepreneur and TV presenter husband Bill will welcome their baby in late summer.

"We are so thrilled that our prayers have been answered," the E! News anchor and Fashion Police cohost exclusively tells E! Adds Bill, "We are absolutely ecstatic to be sharing this with everyone who has been following our journey”.

Giuliana and Bill Rancic.

Speaking on the The Today Show, Giuliana, 37, said: ''We are so thrilled that our prayers have been answered. It was one of the best moments of my life, if not the best moment of my life. It's incredible. We've been trying for so long, we've been through so much ... And to finally get that call from the doctor, it was just another world, another level.''

Bill, 40, added: ''It was pretty emotional because this was our last stop.''

The couple's struggles to conceive have been well documented in their reality show Giuliana & Bill, with Guiliana undergoing several rounds of in-vitro fertilization (IVF) which failed and an 8 week miscarriage. In another attempt of doing IVF, the cancer was discovered during a mammogram ordered by her fertility doctor.

Previously after announcing her Cancer on The Today Show, Giuliana said "I still want this baby...because this baby has saved my life," she said. "I truly feel God was looking out after me—if I had gotten pregnant later down the line, I could have been a lot sicker."

Bill hopes their story will inspire and bring hope to others. He said: ''One of the things we've always tried to do is help others with our story. Whether it's with the infertility issues, whether it's with the breast cancer, we said we're gonna turn these negatives into positives. And if we can help others by sharing our story, then it's worth it.''

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

Three weeks ago, the couple appeared on The Today Show and Giuliana gave an optimistic prognosis. "I'm good," she said, adding she didn't need chemotherapy. "You do what the doctors tell you to do and it's going to be OK."

Bill also announced the two planned to renew their vows this summer—"and really take life on and look at it in a new light."

In addition to Giuliana's gigs on E! News and Fashion Police, the fifth season of Giuliana & Bill is rolling along on the Style Network, and just last week the Rancics confirmed they would host the Eva Longoria-produced dating series Ready for Love, slated to debut later this year on NBC. They also have a brand new Chicago restaurant, RPM Italian.

Although they know the sex of the baby, the couple is trying to keep it a secret for as long as possible.

Giuliana said: ''We know, but we're not telling anyone yet. We're seeing how long we can keep it a secret, so we haven't told anyone yet.''

After many battles it seems only fair that this couple is rewarded with such a miracle in their lives. They totally deserve this presence of sunshine in their lives-finally!