Javier and Penelope will reportedly wed in a ceremony next month and the Spanish star is feverishly on the hunt for the dress she’ll wear on her big day.

“They will marry very soon, maybe even over the holidays. Since she and Javier are from Spain, she’d love to have a Spanish designer create her dream gown,” a tipster tattled to In Touch Weekly Magazine this week.

Penelope’s dress could be created by the House of Balenciaga – which was founded by Spanish designer Cristobal Balenciaga. The fashion house also designed the gown actress Salma Hayek wore when she tied the knot with billionaire Francois-Henri Pinault earlier this year.

“Salma’s dress was specifically designed for her by the company’s creative director, Nicolas Ghesquiere, and it was just beautiful. I’m sure they would be more than thrilled to create a gown for Penelope, it will be the most important dress of her life,” the insider spilled.

Minor spoilers after the jump…..

Pene has been cast as a love interest for Mr. Big, SATC tipsters have divulged to Star Magazine this week.

“She’s not playing herself, like Miley Cyrus. She’ll play the CEO of an international company.”

Word is Carrie catches Big cozying up to Penelope’s character during a bash at The Empire Hotel and hits the roof!

We hear the Spanish-born, Oscar-winning actress just wrapped filming for a brief cameo in the upcoming chick flick blockbuster Sex And The City 2. Penelope will appear as herself on the red carpet.

The second installment of Sex is shaping up to be quite the star-studded vehicle; the movie will also feature appearance by teen star Miley Cyrus and entertainment legend Liza Minnelli. And that’s not all.
Jason Lewis, who plays Smith Jerrod, the younger ex of Kim Cattrall’s character Samantha, was spotted on the film’s New York City set on Monday afternoon.

SATC 2 opens in theaters just in time for Memorial Day Weekend 2010.

“They’re telling friends they will get married,” a friend of the couple told The New York Daily News’ Rush & Molloy Column of the hush hush engagement on Sunday.

Penelope — who won a Best Supporting Actress Oscar for her role in Woody Allen’s Vicky Cristina Barcelona at last year’s Academy Awards — has been plagued by pregnancy rumors since the couple was spotted leaving an OB/GYN clinic in Madrid last month,

Penelope Cruz had to miss an event at the Cannes Film Festival after being sidelined with food poisoning on Monday.

Weinstein Co. boss Harvey Weinstein broke the news to reporters Monday at an event promoting the Oscar winner’s upcoming musical, Nine, which also star Nicole Kidman. Penelope had been set to appear, but Weinstein said she was ill with “some sort of food poisoning” and was seeing a physican.

“Tomorrow night is her premiere for her movie. She is getting better and is seeing a doctor right now,” Harvey told reporters, according to PEOPLE.

Penelope stars in Pedro Almodovar’s Broken Embraces, which is due to have its Cannes premiere on Tuesday.

Penelope Cruz became the first Spanish-born actress to win an Oscar by taking the Best Supporting Actress award Sunday for her role as artist Maria Elena in Woody Allen’s 2008 romantic comedy Vicky Cristina Barcelona.

Stunning Spanish sister act Monica and Penelope Cruz promote the Autumn/Winter 08/09 collection for their high-end Mango clothing line in a new advertisement campaign shot by photographers Mert and Marcus.

Actress Penelope Cruz swung by New York’s Ed Sullivan Studios to discuss her new movie Vicky Cristina Barcelona with late night host David Letterman on Wednesday. The Woody Allen-directed flick includes a steamy same-sex kiss between Penelope and co-star Scarlett Johansson.