EXCLUSIVE: Kelly Ripa 'Relieved and Happy' to Have Ryan Seacrest as 'Live' Co-Host

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Kelly Ripa couldn't be more pleased with her new Live co-host, Ryan Seacrest.

After the 42-year-old TV star wrapped his first week of working with Ripa, a production source at the daytime talk show tells ET that the "vibe is positive" now that a permanent co-host is in place. "It’s the first week, so everyone is on their best behavior," the source shares. "Kelly seems relieved and happy."

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The source adds that Ripa is "relieved because she now has a partner in this."

"It’s not all on her," the source continues. "They can be a team."

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That being said, the source notes that "there are concerns that Ryan could be spread too thin," given his other obligations, which include a daily radio show and executive producing several reality series. "That’s something producers are keeping an eye on, but everyone is supportive of Ryan," the source says. "They knew going into this with him as the choice that he always has multiple things going on."

WATCH: Kelly Ripa Reveals She Talked to Ryan Seacrest About Hosting Live Almost a Decade Ago -- 'There's Nobody Better'

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