• Meghan Markle and Prince Harry want their second child's name "to have meaning," a report says
  • The Duke and Duchess of Sussex are excited to have a larger family, the report adds
  • The top pick baby name for Prince Harry and Markle's daughter is Diana in U.K. betting companies

Meghan Markle and Prince Harry have not yet chosen the name they will give their second child, a report says.

After Markle's heartbreaking revelation last year that she suffered a miscarriage, the Duke and Duchess of Sussex announced in February that they are expecting another child. They then confirmed during their March interview with Oprah Winfrey that they will welcome a sister for their son Archie, 1.

Despite Markle's due date approaching, they are taking their time in picking a name for their baby girl because they want their child's name "to have meaning," an unnamed source told Us Weekly.

"They … have not settled on one yet. There are some top picks for names but nothing concrete. Both her and Harry are beyond excited to have a larger family unit," the insider added.

Royal watchers have already started betting on what their daughter's name will be, and the favorite is "Diana" in most U.K. betting companies.

"Diana is the clear favorite in our market now, ever since Harry and Meghan confirmed that they could be having a baby girl," Coral spokesperson Harry Aitkenhead was quoted by HuffPost as saying in March. "We are convinced it will feature somewhere in the name, going 5-1 that it is the new arrival’s first name."

However, Page Six earlier reported, citing unnamed sources, that it's unlikely Prince Harry and Markle would name their baby girl after the late Princess of Wales as they fear it would "make her a bigger target for the media." They are also concerned that it would increase the public's interest in their child's life, per the source.

"Whatever anybody thinks, Harry and Meghan do value their privacy and want to shield their children from the intense media pressure they have endured," the insider continued.

While Diana is probably an unlikely choice for their baby's first name, the source suggested they could make it a middle name just like Prince William and Kate Middleton's daughter, Princess Charlotte, whose full name is Charlotte Elizabeth Diana.

Meanwhile, Prince Harry and Markle's choice for their son, Archie Harrison, whom they welcomed in May 2019, came as a surprise to many because the name does not have any British royal connotations, BBC News reported. According to Us Weekly, the moniker was a tribute to Princess Diana as one of her ancestors was Archibald Campbell, 9th Earl of Argyll, from Scotland.

Archie means "true and bold" in Scotland and "truly brave" in Germany. Meanwhile, his middle name, Harrison, is of English descent and means "son of Harry."

"I don't think anyone of us saw either of these names coming," Majesty magazine managing editor Joe Little was quoted by BBC News as saying in 2019.

Prince Harry and his wife Meghan Markle have millions of social media fans but have complained about their treatment on some platforms
Prince Harry and his wife Meghan Markle have millions of social media fans but have complained about their treatment on some platforms AFPTV / Fayruz RAJPAR