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October 21, 2011: The rumor mill has been HEATING UP with all kinds of reports about Beyonce and Jay Z’s upcoming baby.

But we just received an EARTH SHATTERING REPORT, from Star Magazine. The magazine interviewed Mathew Knowles’ jumpoff, a 40 year old marketing exec named Alexsandra Wight. Mathew got Alexsandra PREGNANT while he was married to ex-wife TINA KNOWLES.

Well Alexsandra has a STORY to tell CHILD!!! According to her, when she FIRST told Mathew that she was pregnant, Mathew asked her to GIVE THE BABY to Jay Z and Beyonce . . . so they could RAISE THE CHILD AS THEIR OWN!!!

Here’s what she said:

“My first thought when he asked me if I would give up our child to Beyonce and Jay Z was, ‘Are you out of your mind?’ . . . Nothing in this world, no amount of money, would make me give up my child. You can’t BUY my child from me.”

And just in case you think the chick is LYING . . . Star magazine says that she RECORDED THE CONVERSATION where Mathew is saying that ISH!!

O.K. let’s try and ANALYZE this situation. Why would Mathew offer to buy a baby for Jay Z and Beyonce???? This story just keeps getting weirder and weirder. We don’t know WHAT to think . . .