Rumors are swirling that actress Penelope Cruz and her Oscar-winning boyfriend Javier Bardem are engaged. Bardem is said to have proposed during a recent romantic vacation in France and the two will marry later this year.

According to reports, the couple is already busy planning a wedding. Friends also claim that Bardem, who won an Academy Award for his role in "No Country For Old Men," was encouraged by his mother to propose to Cruz.

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