updated 01/27/2010 AT 1:30 PM ET
•originally published 01/27/2010 AT 12:00 PM ET
Exit Conan, enter Axel!
Axel Ferrell arrived Saturday morning, Jan. 23, in Los Angeles, his rep confirms to PEOPLE exclusively, adding, “All the Ferrells are well.” Baby boy joins older brothers Magnus, 5 ½, and Mattias, 3.
Ferrell and Paulin, 40 – who met in an acting class 15 years ago and wed in 2000 – announced the pregnancy in September.
Ferrell, 42, will next appear in The Other Guys, set to be released in August.
Reporting by OLIVER JONES