Penélope Cruz plays it raunchy in tiny red dress

Woody previously directed Penélope to Oscar winning effect in 2008's Vicky Christina Barcelona.

Their latest collaboration isn’t set to hit the big screen until 2012 but includes 30 Rock star Alec Baldwin, Juno star Ellen Page and The Social Network actor Jesse Eisenberg.font color="#EAEAEA" size="1">Penelope Cruz Latest Hairstyles And Fashion

Penelope won the gold statuette for her role as Maria Elena in 2008's Vicky Cristina, she played opposite Bardem as one of his girlfriends, the other being Scarlett Johansson.

This time round of course, the pair are married with a six-month-old son.

Cruz arrived in Rome with just Leo and two bodyguards and husband Javier Bardem has already been out to visit them both on breaks from his filming schedule.
Rear-ly lovely: The new mother-of-one is regularly voted one of the world's sexiest women
Rear-ly lovely: The new mother-of-one is regularly voted one of the world's sexiest women

'I'm really happy to be in Rome and to shoot a film with Woody Allen,' Cruz said when she arrived in the city a fortnight ago.

The film will be a modern-day take on Giovanni Boccaccio's The Decameron and will consist of four vignettes.

In his story, Allen and his wife travel to Rome and meet the family of the Italian man that their daughter is going to marry; Cruz is rumoured to be playing his wife.