Ashlee Simpson's dad trying to sell baby photos for $1m

Ashlee Simpson's dad, Joe, is already trying to cash in on his daughter's pregnancy -- but isn't having much luck.

Though Ashlee is yet to officially confirm her pregnancy, "Joe is contacting all the weeklies and asking them to pony up $1 million to put Ashlee on the cover," a magazine insider told the New York Post newspaper.

"The deal would include photos of Ashlee - taken by Joe, of course, so he can make more money - an interview and photos of the baby when she has it."

However, one magazine editor said the pictures would only be worth "$60,000 maybe - but definitely not a million. The timing is a little suspicious. Her album ['Bittersweet World'] is dropping next week, and there was little to no interest until now. Ashlee's lucky she got pregnant, frankly."

But even with the marriage announcement -- Pete and Ashlee made the news public earlier this month -- "Joe has an unrealistic expectation of what Ashlee can command," the editor adds.

Ashlee's wedding to Wentz is likely to take place before summer.

A source told OK! magazine, "They're planning on something in the Santa Barbara area probably by the end of May . . . Jessica will be the maid of honor."

Her rep refused to comment.

Wentz, 28, has denied reports Ashlee, 23, is pregnant, saying, "There is a witch hunt for people to be pregnant whenever they get engaged in Hollywood.

"This is all news to me. I can't wait for the story about how I'm really in a gay relationship and this is all just a cover. ... I mean really, this is crazy. ... I mean we're engaged, that's true, and happy about it."