Playboy founder Hugh Hefner, 80, is ready to make another baby! The New York Daily News reports that Hef, and his current head girlfriend, Holly Madison, are discussing the possibility of conveiving a baby.

"I wouldn't say that there's a plan, but there has certainly been a conversation," he said. Hugh also has two other girlfriends, Kendra Wilkinson and Bridget Marquardt.

Hefner already has four children from two marriages, his oldest daughter, Christie Hefner, 54, is chairman and CEO of Playboy Enterprises.

"I think ‘probability' is probably an overstatement," he said, "but ‘possibility' is very real. It began as a wish, and now it's becoming, I mean, on Holly's part, it's a more serious conversation."

He's also found 'true love' with Holly and said, "This is the one. It's fascinating - I mean, with all the years and the romantic adventures and the marriages, etc. - to find something as special as this at this stage in my life is a miracle."

Posted 3:25am EST 01-18-2007