Third Baby On The Way For Bo Bice

American Idol season four contestant, Bo Bice broke the news yesterday (June 13) in Nashville, that he and his wife Caroline are expecting their third child!

Bice, 33, tells PEOPLE that he “can't wait to introduce [their] new little 'Idol' to the world January 31st!”

The couple, who have been married for four years, already have two boys, Caleb James, 9 months and Aiden Michael, 3.

Bo is on tour this summer and will be opening for Lynyrd Skynyrd in August.