Filed under 'Pete Wentz'

Ashlee Simpson and Pete Wentz are on the move. The couple have put their $4.5-million Beverly Hills home on the market and are reportedly looking for some new family-friendly digs now that their son Bronx Mowgli, who turns 1 next month, is getting older and more mobile.

"The house is built into the side of a giant hill and it doesn't really have any yard," a source tells Life & Style magazine."Now that Bronx is getting older they realised that really isn't a child-friendly house. They are going to sell this house and look for something that will be better suited to young children."

According to the 30-year-old Fall Out Boy rocker, their new home will need plenty of bedrooms. Pete recently told People that he hopes to have a big family:

Everything is awesome about being a dad. Eventually we want to be able to have our own soccer team!"

Ashlee Simpson and Pete Wentz - with his new 'do - were spotted out and about in Hollywood today (October 17) with their son Bronx Mowgli.

The Fall Out Boy rocker recently revealed that he hopes to have a big family, telling People, "Everything is awesome about being a dad. Eventually we want to be able to have a soccer team."

Bronx will be celebrating his first birthday next month.

Fall Out Boy rocker Pete Wentz says that his latest project – a comic book series titled Fall Out Toy Works - was undertaken with his 9-month-old son Bronx Mowgli in mind.

"I think after you have a kid, all of a sudden you want to do things that your kid can see," Pete tells USA Today.

Along with the band and the books, Pete has another job that keeps him on his toes: Being a stay-at-home dad to little Bronx while mom Ashlee Simpson is back to work on Melrose Place.

"When I'm at home, I feel like sometimes I have a 9-to-5 job," he admits. "You became your dad. Two dogs, a wife and a kid. Stuck in traffic."

Not that he minds, of course. The 30-year-old boasts that his baby boy is excellent company.

"All I really like to do is hang out with Bronx,” Pete says, adding, “He kind of has a new noise or a new thing every day. He's really funny and is going through a lot of discovery."

Ashlee Simpson and her husband Pete Wentz recently took time off for a date night, hitting the red carpet at the AXE Instinct and Rolling Stone magazine Power of Leather bash in New York (June 24).

Though their 7-month-old son Bronx Mowgli wasn't with them, the proud parents couldn't help but gush about their adorable boy.

"The whole thing is a new adventure. Every day is a new milestone. He's always discovering new things," the Fall Out Boy rocker told In Touch magazine.

Mom Ashlee agreed, adding of parenthood, "It's the best thing ever."

So what is Bronx's latest accomplishment? "He says lots of dadas!" reports Ashlee.

24-year-old Ashlee is now back at work, having joined the cast of the new Melrose Place.