UPDATE:

After the public has temporarily been dubbing Meghan Markle and Prince Harry's new addition as "Baby Sussex," the new parents have now announced the newborn's official name: Archie Harrison Mountbatten-Windsor.

The couple made the announcement on their Instagram page, with a photo of the Duke and Duchess of Sussex, The Queen, The Duke of Edinburgh and the Duchess' mother, Doria Ragland.

Take a look, below:

According to TMZ, the newborn's middle name, Harrison, is fitting as the root of the name is Henry's son, and Henry is actually Prince Harry's birth name.

The site further reports that the Palace stressed that his name is not Archibald, but simply Archie.

Congratulations, again, to the couple on their new royal bundle of joy.

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The Royal baby is here!

After stopping the world with their larger-than-life wedding, Prince Harry and Meghan Markle — the Duke and Duchess of Sussex — are celebrating another milestone in their lives as they've just welcomed a baby boy.

Speaking from Windsor, Prince Harry revealed, "I am very excited to announce that Meghan and myself had a baby boy early this morning. Mother and baby are doing incredibly welll."

He added that "it's been the most amazing experience I could ever have possibly imagined. How any woman does what they do is beyond comprehension."

Read his full statement, below:

While the forward-thinking royals' new addition is seventh in line to the throne, The Telegraph reports that it is "extremely unlikely" that he will ever be king. The silver lining in this fact, though, is that the couple has much more freedom with their choices than other royals.

Prior to their son's birth, Prince Harry and Meghan Markle shared the details surrounding the process, explaining in a statement, via Buckingham Palace, that they "have taken a personal decision to keep the plans around the arrival of their baby private."

Congratulations to the happy couple on the birth of their first child!