Seems like Ashlee Simpson’s major venture will take a little longer to develop.

The just-been-engaged singer and Fall Out Boy fiance; Pete Wentz are expecting a baby, a mole close to Simpson admitted to E! News.

“It’s very early” in the pregnancy, the insider claimed, saying that Simpson, 23, and Wentz, 28, clued-up their folks regarding the pregnancy just last week. Over the weekend, the pair began revealing the joyful news to only some of close (and in fact can’t keep their mouth shut) friends.

Wentz, on the other hand, hastily denied the pregnancy rumors, saying no to any “shotgun” implications in their forthcoming marriage ceremony.

“There is a witch hunt for people to be pregnant whenever they get engaged in Hollywood,” the rocker wrote in an email to MTV News. “This is all news to me. I can’t wait for the story about how I’m really in a gay relationship and this is all just a cover.”

“I mean really, this is crazy…I mean we’re engaged, that’s true, and happy about it.”

When questioned particularly if he was denying that Simpson was expecting a baby, Wentz shrugged, “Yeah.”

As for the couple’s folks the only proclamation they made Monday was to pass on good wishes to the couple on their planned wedding.

“We’re very happy as a family and excited about the engagement,” Joe Simpson told E! News’ Ryan Seacrest on Monday. “We think Pete is the right guy for Ashlee.”

Dale, Pete’s mum was also tight-lipped in regards to grandkids subject and focused on the couple’s other news. “We think that they are great together and are thrilled to have Ashlee join our family” the Winnetka, Ill., school administator told E! News.

Similarly, a common avowal from the couple’s reps axed the baby reports.

“We are thrilled to confirm their engagement and congratulate this happy couple,” the reps said. “Beyond that, there is nothing to add.”

Anticipate the “Pieces of Me” singer to get diced and chopped with pregnancy query as she tours New York later this week to buildup her upcoming third album, Bittersweet World, due April 22.

The tween queen and the rocker, who have not scheduled a wedding appointment yet, revealed their affianced status last week, coincidentally Fall Out Boy’s newest, Live in Phoenix, hit stores.

“We know there has been a lot of speculation recently about Pete and I and we wanted our fans to be the first to know, because you guys are the best,” Simpson wrote on FriendsorEnemies.com. “Yes, we are thrilled to share that we are happily engaged.”

“We consider this to be a very private matter, and we wanted to be the first to tell you and to hear it straight from us.”