Despite being made one of the biggest fools of 2011 Stacey Giggs looks as though she has forgiven her love rat husband, Ryan Giggs.

It’s only been a matter of weeks since the truth emerged about her husband Ryan’s affair with his brothers wife and Big Brother star Imogen Thomas and how he shamefully attempted to cover his deceit up with a super injunction – yet it seems as though all is forgiven?..

Pictured here for the first time since the reports emerged, the couple looked relaxed and happy on their luxury family holiday last week.

According to recent reports, Stacey, 32, is giving her 37 year-old millionaire footballer Ryan another chance to get their 10 year relationship back on track – because she doesn’t want to be alone.

A friend close to the WAG said, “Some women may be amazed that Stacey has forgiven him for what he has done, but she loves him and can’t face life without him.”

Stacey and Ryan were snapped here on holiday in Majorca, Spain, with their two children, Liberty, eight and Zach, five.

The couple fled to a £22,000 a-week villa on the island earlier this month, in a bid to escape the accusing glares of the public after Natasha Giggs – who is married to Ryan’s brother Rhodri – carried on an eight-year affair with the Manchester United star.

This new information was exposed when Big bBother star Imogen dished the dirt on the ‘family man’ and admitted she was foolish enough to have a secret relationship with him, believing (other than his wife) she was the only special women in his life.

Despite the hype around the controversial footballer still being very raw, Stacey and Ryan went public, showing the world that their relationship can stand more that a mere eight year affair with various women.

Although they were not hand-in-hand and Stacey’s wedding ring was still conspicuously absent, friends say that the mum of two is willing to forgive because she is afraid of being a single mum.

It was recently reported that Ryan had rightly begged for his wife’s forgiveness and promised to actively seek help for his sex addiction.

The friend added, “Stacey has had to search deep for forgiveness for Ryan. Luckily for his she is very strong.

“She believes in marriage and wants it to work. Ryan knows that this is his very last chance.”

Stacey started dating Ryan in 2001, when she was 22, and the couple married in a private ceremony in 2007.

Her world was rocked when the truth emerged that Ryan had had an affair with Imogen, 28, and the her sister-in-law Natasha, also 28.

Natasha reveal how he had been sneaking off with her to have secret sex sessions regularly over the past eight years, and that the ‘gentleman’ had even paid £500 for her to have an abortion just weeks before her marriage to his brother.

Whether the couple really will ever fully recover from this scandal is yet to be seen.