The 22-year-old "Acid Rap" hitmaker took to Instagram and posted a photo showing what's presumably his hand on his girlfriend's pregnant stomach with the caption, "Coming soon", reported Billboard.
"Chance is very happy and excited about his new life journey," Chance's manager Pat Corcoran said.
According to a source, the mother is Chance's longtime girlfriend, with whom he's been together since the release of "Acid Rap" in 2013.
Earlier, while performing at Pitchfork Music Festival in Chicago, Chance repeatedly told the audience, "I'm growing up" hinting at the news of his fatherhood.