It looks as though Pippa Middleton and Prince Harry will be spending a lot of time together at family events in the near future - all thanks to the newest member of their clan. There's a new report that says the two are front runners to be godparents to Prince William and Duchess Catherine's newest bundle of joy, their daughter Charlotte Elizabeth Diana.

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According to the Mirror on Monday, there's a 4/1 chance that Pippa might be the royal baby's godmother while Prince William's brother Harry has a 6/1 chance of being a godparents.

And for those who are wondering, Elton John has a 80/1 odd of being a godfather while Victoria Beckham scores even lower with 500/1.

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In another revelation, the royal couple's daughter Charlotte Elizabeth Diana's name pays homage to quite a few people.

According to the Mirror on Monday, the baby's first name Charlotte is a feminine version of Charles, which was chosen to honor Prince William's father, the Prince of Wales. The baby also shares the name with her aunt Pippa Middleton, whose middle name is Charlotte.

The baby's two middle names, Elizabeth and Diana, of course honor Prince William's grandmother Queen Elizabeth and his late mother, Princess Diana.

Charlotte Elizabeth Diana was born early Saturday morning after Duchess Catherine was in labor for just 10 hours. This is the second child for the royal couple, who also have a son, Prince George, who turns 2 this July.