Ashlee Simpson and Pete Wentz are set to receive $2 million for pictures of their newborn baby.

The married couple - who welcomed their first child together, Bronx Mowgli Wentz, into the world last week - could receive the staggering amount for the first exclusive shots of their son.

Publicist Howard Bragman said: "I see Ashlee and Pete coming in at the low seven figures mark. Two million seems like a good, solid figure for Ashlee and Pete. It's a two-celeb couple, so that's a boost for them.

"Keep in mind, last year, Ashlee was the girl who sang along to the tape recorder. It was a PR nightmare. Now, she's a newlywed and a new mom, so she's a lot more relatable."

WENN