The 28-year-old model shared the exciting news on Instagram alongside a photo of herself in a bikini, flaunting her baby bump.
Prinsloo captioned the picture, "Round 2".
The couple is already parents to a baby girl, named Dusty Rose, whom they welcomed a year ago in September.
Levine, 38, and Prinsloo married in Mexico on July 19, 2014.
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