The world will continue to wait for a baby Clooney ... because Stacy Keibler is NOT with child.
The rumor mill began to churn after photos surfaced showing Stacy on a boat in Lake Como this weekend ... sporting what people have interpreted as a baby bump.
But sources connected to The Keib tell us ... the rumors are "100% FALSE."
Plus, Stacy was seen drinking wine with George and friends last night -- not concrete proof ... but a pretty good sign there's no baby on board.
A rep for Stacy had no comment on the situation.