Blake Lively Stuns in Flowy Blue Gown at Husband Ryan Reynolds' Hollywood Walk of Fame Ceremony

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Blake Lively is a babe in blue!

Two months after giving birth to her second child, a baby girl whose name is still unknown, the Shallows star showed off her fit figure at an event honoring her husband, Ryan Reynolds, on Thursday.

WATCH: Ryan Reynolds and Blake Lively's Kids Make Their Public Debut at Dad's Hollywood Walk of Fame Ceremony

Even though all eyes were on the Deadpool actor, who received a star on the Hollywood Walk of Fame during the ceremony, it was hard not to notice the blond beauty's gorgeous gown. Lively donned a flowy blue Versace dress with a tight bodice to the outing, pairing it with burgundy peep-toe Christian Louboutin heels and Lorraine Schwartz jewelry.

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Simply stunning!

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Also stealing the show were the couple's newborn daughter and her big sister, James, who turns two on Friday. This marked the first time Lively and Reynolds introduced either of their kids to the world publicly.

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ET caught up with Reynolds
at the event, where he explained why he wanted the whole gang there for support.

WATCH: Ryan Reynolds on Having His Family Watch Him Receive Hollywood Walk of Fame Star: 'It's Everything'

"Normally we don't drop the whole family out like this, but I just thought I'd regret this in 20 years if I didn't have my kids here as well," he dished. "So we all, we decided collectively just to come down here in one big movement and be a part of this."

Hear more in the video below!