The couple - who married last July - will welcome the baby into the world late summer and are "overwhelmed" at the prospect of becoming parents.
Co-hosting `Live! With Kelly` on 05.03.12, Nick confirmed: "I`ve had a chance to do a lot of great things in my career and my life but this is the one thing that, more than any other, I look forward to. The fact that it`s actually here, it`s overwhelming."
Though they haven`t found out the sex of the baby yet, Nick says they "definitely" will and have already started discussing names.
He said: "We definitely want to know [the sex]. I can`t take the knowledge that someone out there knows, but I don`t know. It`s like watching a sports game on TiVo.
"If it`s a girl, I think it might be Sophia. If it`s a boy, I`m not sure. Colin John Lachey [has always been a favourite]. Call him C.J. for short. C.J. Lachey."
Nick revealed the `Total Wipeout` host has been experiencing some cravings since conceiving.
He explained: "She loves Mexican food. She could eat a burrito every day of the week."
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