Spanish beauty Penelope Cruz and her actor beau Javier Bardem have reportedly got engaged and are planning to get married soon.

According to reports, the Oscar-winning couple, who remain tight-lipped about the status of their relationship, have been telling their friends about the engagements.

"They're telling friends they will get married," says a friend, who heard the news directly from one of them.

Rumours that they might be engaged have been floating around since April. The couple had earlier fuelled pregnancy rumours after they was spotted leaving an OB/GYN clinic in Madrid last month but Cruz shot down such reports.

"They say the pregnancy stories aren't true," says another friend.

The actress, who won an Oscar this year for Best Supporting Actress for her role in Woody Allen's Vicky, Christina, Barcelona, had earlier said in an interview that she does not believe in marriage.

"I don't know if I believe in marriage. I believe in family, love and children. When I [have children], I want to do it really well. I want it to be my best project in life," the actress had said during an interview in August.

Cruz reportedly started dating the No Country for Old Men star in 2007 but it is said that they had fallen in love in 1992 while working on Jamon, Jamon but broke off with Bardem after the film.