Penelope Cruz Steps Out In Billowy Dress Amid Pregnancy Rumors [PHOTOS]

Penelope & Leo Have Lunch
Along with Javier, the family has a hearty meal in Italy.
Javier Bardem and wife Penelope Cruz were spotted out in Madrid, Spain today (July 18th), all loved up as they dined with friends and strolled around the city.  Cruz was wearing a billowy maxi dress, which didn’t help her fight off pregnancy rumors.

According to Fox News, Spanish television show Espejo Publico announced that Cruz and Bardem are expecting their second child.  Apparently a “close friend” of the couple confirmed that Cruz is three months along.  A source countered this rumor, telling Us Weekly that it “isn’t true.”

Cruz and Bardem have a 17-month-old boy, Leonardo.

Cruz was just named the Entertainment Industry Foundation’s ambassador for Saks Fifth Avenue’s “Key To The Cure” 2012 Campaign.  “I am honored to join the Entertainment Industry Foundation’s Women’s Cancer Research Fund and Saks Fifth Avenue to raise awareness for women’s cancers,” Cruz said in a statement. 

“By purchasing this year’s SAKS FIFTH AVENUE KEY TO THE CURE t-shirt, designed by Carolina Herrera, you can help continue the innovative research already in progress. Cancer has affected each and every one of us in one way or another and I am thrilled to be involved with this wonderful cause.”

Past ambassadors include Gwyneth Paltrow and Uma Thurman.