Penelope Cruz looks chic in a chiffon gown at the Personality Of The Year awards in Madrid

She is starring alongside her real-life husband Javier Bardem in new psychological thriller Everybody Knows.

And Penelope Cruz looked chic in a blue and white chiffon gown as she attended the Personality Of The Year awards at Royal Theatre in Madrid, Spain, on Wednesday.

The glamorous garment flowed to the floor, ensuring that the Oscar-winning actress, 44, would most certainly turn heads as she walked the red carpet. 

Stylish: Penelope Cruz looked chic in a chiffon gown as she attended the Personality Of The Year awards in Madrid on Wednesday

The striking outfit had a plunging neckline to show off a glimpse of her cleavage, as part of the fabric was pulled back to her shoulders for an extra eccentric flair.

Penelope boosted her height in a pair of silver open-toe heels, while wearing no accessories so that she didn’t distract from her ensemble.

The Vicky Christina Barcelona star brushed her chocolate brown locks into a sleek, straight style, while her fringe framed her face well.

Looking good: The Vicky Christina Barcelona star brushed her chocolate brown locks into a sleek, straight style, while her fringe framed her face well

Looking good: The Vicky Christina Barcelona star brushed her chocolate brown locks into a sleek, straight style, while her fringe framed her face well

Turning heads: The striking outfit had a plunging neckline to show off a glimpse of her cleavage, as part of the fabric was pulled back to her shoulders for an extra eccentric flair

Beaming: The actress was in high spirits as she attended the event

Turning heads: The striking outfit had a plunging neckline to show off a glimpse of her cleavage, as part of the fabric was pulled back to her shoulders for an extra eccentric flair

Standing tall: Penelope boosted her height in a pair of silver open-toe heels, while wearing no accessories so that she didn't distract from her ensemble

Standing tall: Penelope boosted her height in a pair of silver open-toe heels, while wearing no accessories so that she didn’t distract from her ensemble

Also attending the event was Salma Hayek, 52, who cut an elegant figure in a black gown which had detailed sequinned rose patterns across the front.

The chic ensemble also featured lace sleeves for a glamorous flourish, as she wore several rings and pearl earrings for an extra glittering touch. 

Salma’s raven tresses were styled with a side parting, which then cascaded over her shoulders in loose waves. 

Stunning: Also attending the event was Salma Hayek, 52, who cut an elegant figure in a black gown which had detailed sequinned rose patterns across the front

Stunning: Also attending the event was Salma Hayek, 52, who cut an elegant figure in a black gown which had detailed sequinned rose patterns across the front

Glamorous: The chic ensemble also featured lace sleeves for a glamorous flourish, as she wore several rings and pearl earrings for an extra glittering touch

Glamorous: The chic ensemble also featured lace sleeves for a glamorous flourish, as she wore several rings and pearl earrings for an extra glittering touch

Busy schedule: Penelope and her husband have spent the past few months promoting their new drama, directed by two-time Academy Award winner Asghar Farhadi

Busy schedule: Penelope and her husband have spent the past few months promoting their new drama, directed by two-time Academy Award winner Asghar Farhadi

Penelope and her husband have been busy promoting their new drama, directed by two-time Academy Award winner Asghar Farhadi.

In the layered, psychological film Penelope plays Laura, a mother who travels with her young son and teenage daughter to her sister’s wedding.

Having left her husband Alejandro (Ricardo Darín) in Argentina, tensions begin to rise as feelings for her old boyfriend Paco (Javier) resurface when they cross paths.

But things take a dramatic turn when the power cuts out during the wedding, and Laura finds that her daughter has gone missing when they come back on.

Blossoming romance: As for their own romance story, the couple fell madly in love with each other when they starred in the Woody Allen-directed 'Vicky Cristina Barcelona' in 2008

Blossoming romance: As for their own romance story, the couple fell madly in love with each other when they starred in the Woody Allen-directed ‘Vicky Cristina Barcelona’ in 2008

Great role: Penelope scooped an Academy Award for playing Javier's emotionally unstable love interest in the movie

Snap! Penelope posed up a storm on the red carpet

Great role: Penelope scooped an Academy Award for playing Javier’s emotionally unstable love interest in the movie

As for their own romance story, the couple fell madly in love with each other when they starred in the Woody Allen-directed ‘Vicky Cristina Barcelona’ in 2008.

Penelope scooped an Academy Award for playing Javier’s emotionally unstable love interest in the movie.

The married lovers tied the knot during the summer of 2010 in a private ceremony at a friend’s home in the Bahamas.

They raise their five-year-old daughter Luna and seven-year-old son Leo at their home.

Drama: In the layered, psychological film Penelope plays Laura, a mother who travels with her young son and teenage daughter to her sister's wedding and meets her ex boyfriend (Javier)

Drama: In the layered, psychological film Penelope plays Laura, a mother who travels with her young son and teenage daughter to her sister’s wedding and meets her ex boyfriend (Javier)

Marital bliss: The married lovers tied the knot during the summer of 2010 in a private ceremony at a friend's home in the Bahamas

Marital bliss: The married lovers tied the knot during the summer of 2010 in a private ceremony at a friend’s home in the Bahamas

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