Report: Penelope Cruz is Pregnant

It's true!

The internet was awash with rumors this morning that Penélope Cruz and husband Javier Bardem were expecting their second child. As it turns out, there was truth to the talk.

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People magazine confirmed the happy news on Friday that Penélope, 38, is indeed pregnant.

The bundle of joy will make a little brother or sister to the couple's son Leonardo, 2.

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Interestingly enough, Penélope's sister Mónica is also expecting a child.

Penélope married fellow Academy-Award winner Javier in July 2010. The twosome famously co-starred in Vicky Cristina Barcelona, for which Penelope won a Best Supporting Actress Oscar.