They're set to star in an upcoming Spanish comedy called Official Competition.
And Penélope Cruz and Antonio Banderas posed for pictures together at Venice Film Festival on Saturday ahead of the world premiere.
Penélope, 47, cut an elegant figure in a white mini dress while she wrapped her arm around the handsome Antonio, 61 who looked suave in a cream shirt.
Chemistry: Penélope Cruz and Antonio Banderas posed for pictures together at Venice Film Festival on Saturday ahead of the world premiere
The Pirates Of The Caribbean actress turned heads in a white crochet Chanel frock with black trim, teamed with black strappy open-toe heels.
The Spanish native looked chic in the head-to-toe Chanel ensemble, which included an enviable cream purse from the fashion giants.
The Everybody Knows star added statement pearl bangles and bold hoop earrings, which she happily posed with.
Close: Penélope, 47, cut an elegant figure in a bardot-style white mini dress while she wrapped her arm around the handsome Antonio, 61 who looked suave in a cream shirt
Classy: The Pirates Of The Caribbean actress turned heads in a white crochet Chanel frock with black trim, teamed with black strappy open-toe heels
Her brunette tresses were styled out in a middle parting, and her makeup was elegant for the occasion.
Penélope's makeup look consisted of defined brows, a subtle smokey eye and a matte nude lipstick.
Her co-star looked smart in his shirt and trousers combo - with the shirt slightly unbuttoned at his chest and rolled up to reveal his forearms.
Cheeky: Antonio flashed his cheeky smile alongside his fellow co-star
Elegant: Her brunette tresses were styled out in a middle parting, and her makeup was elegant for the occasion
Wow! Penélope's makeup look consisted of defined brows, a subtle smokey eye and a matte nude lipstick
Antonio