Penelope and Javier: engaged?

It looks like the rumors are true. Academy Award winners Penelope Cruz and Javier Bardem are informing friends they are engaged, according to reports from the NY Daily News and US Magazine.

Rumors that Cruz is pregnant have recently surfaced. “They say the pregnancy stories aren’t true,” says a doubtful friend. Cruz and Bardem were photographed leaving an OB/GYN clinic in Madrid earlier this month.

Although she has showed ambivalence towards marriage, Cruz has been enthusiastic about motherhood. “When I [have children], I want to do it really well,” shared Cruz. “I want it to be my best project in life.”