Penelope Cruz shines with two stunning looks at the first Nouvelles Vagues festival in Biarritz

Penelope Cruz showed off not one but two stunning looks when she was the guest of honor at the inaugural Nouvelles Vagues festival in Biarritz, France.

The Spanish actress, 49, looked incredible when she first stepped out in a patterned semi-sheer maxi dress during a photo call for the new festival, which is dedicated to films about youth.

The black Chanel number had shades of red, blue, yellow and green and also had pretty ruffled sleeves and a belt detail.

Penelope paired the outfit with black wedges, a pink handbag and dark sunglasses, while her dark brown locks fell over her shoulders.

As night fell on the festival, the Vanilla Skit star turned up the glamor as she slipped into a sassy black mini dress.

Stunner: Penelope Cruz stunned with not one but two stunning looks when she attended the inaugural Nouvelles Vagues festival in Biarritz, France as the guest of honor

Wow: The Spanish actress, 49, looked incredible when she first stepped out in a patterned semi-sheer maxi dress during a photo call for the new festival, which is dedicated to films about youth

Penelope, who was the inaugural guest of honor at the event, was stunned when she showed off her toned legs in the thigh-skimming number.

She paired the button-detailed dress and pinafore with a sky-high pair of black heels, then finished off her look with a white quilted handbag.

Movie star Javier Bardem’s wife swept her lustrous locks into a high ponytail while emphasizing her features with a sleek makeup palette.

Penelope looked cheerful as she smiled for snaps and mingled with other attendees at the glamorous event.

It comes on the heels of news that Scarlett Johansson and Penelope may be working together again.

The actresses memorably kissed in Woody Allen’s 2008 love triangle story Vicky Cristina Barcelona with Javier Bardem.

Now Scarlett and Penelope are in talks to team up with Michael Fassbender and Owen Wilson in a Netflix movie from director Nancy Meyers.

The big budget movie is currently called Paris Paramount.

So chic: The black Chanel number had shades of red, blue, yellow and green and also had pretty ruffled sleeves and a belt detail

Flawless: Penelope looked radiant as she smiled for snaps at France’s inaugural festival

Lovely: Penelope paired the outfit with black wedges, a pink handbag and dark sunglasses, while her dark brown locks fell over her shoulders

Oh hello! As night fell at the festival, the Vanilla Skit star turned up the glamor as she slipped into a sassy black mini dress

Work it out: Penelope, who was the inaugural guest of honor at the event, was stunned when she showed off her toned legs in the thigh-skimming number

Gorgeous: She paired the pinafore-style button-up dress with a sky-high pair of black heels, and further accessorized her look with a white quilted handbag

It tells the story of an above-the-line movie duo who are reluctantly reunited on set after falling in and out of love for each other.

Nancy is directing from her own script and also serves as the film’s producer.

This is her first behind the camera since 2015’s film The Intern.

That drama starred Robert DeNiro as an intern and Anne Hathaway as his type A boss.

Sources say actor deals for Paris Paramount are yet to be sealed as budgeting for the project is still being worked out.

Netflix has not commented on the news.