09/14/2009 AT 7:45 PM ET
The rumors are true – Colin Farrell and Alicja Bachleda are expecting a baby.
“Yeah, I’m going to be a father again,” Farrell, 33, confirms to PEOPLE at the premiere of Ondine at the Toronto Film Festival. “I’m very excited man! Very! There is nothing more exciting really.”
What part of parenthood is the actor looking forward to the most? “Everything. The whole thing,” he says. “I will take it as it comes. Even changing dirty diapers.”
The baby will be the first for Polish actress Bachleda, 26, and the second for Farrell, who has a son, James, 6, with model Kim Bordenave.