Even hot Hollywood stars get starstruck on occasion.

Penelope Cruz, the Spanish beauty who captured American audiences with her turn as Maria Elena in “Vicky Cristina Barcelona,” tells the May issue of Harper’s Bazaar that she still idolizes Meryl Streep.

“When I first started watching movies and I saw Meryl’s work, that’s when I became obsessed with acting,” she admits to the magazine. “Now I kiss her whenever I see her! She must think I’m crazy.”

Cruz, 37, even recalls once doing a magazine shoot with the “The Devil Wears Prada” actress and being put in the precarious position of posing on top of her.

“As soon as she got to the set, I had to sit topless on top of her,” she says of the AIDS charity (RED) campaign they both starred in. “It was the most interesting love scene I’ve ever done.”

Currently, the brunette stunner is set to star in Woody Allen’s “To Rome With Love” — but fans will have to accept a slower stream of films from the actress in coming years.

Cruz, who is married to actor Javier Bardem, 43, is learning to strike a better balance between work and family.

“Maybe I’ll make one movie a year, maybe two, but it’s not going to be more than that because I have other priorities now,” she said of spending time with the couple’s 1-year-old son, Leonardo.

And as for red-carpet affairs and big Hollywood to-dos, Cruz says she’ll pass if it means spending more time doing what she loves most: “running around with my family at the beach, that’s all.”

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CONGRATULATIONS Pe y Javier! I’m so happy for this beautiful couple and can’t wait to see the newest addition to their family. Reports from Yahoo! & People have come in that Ms. Cruz is indeed going to have a bundle of joy sometime in 2011! The pregnancy was first confirmed by UsMagazine.com

The question of whether it’s a baby bump or a costume has been answered: “Penelope is 4½-months pregnant,” reps for Penélope Cruz and husband Javier Bardem confirm.

Photos of Cruz, 36, on the set of her upcoming movie, Pirates of the Caribbean: On Stranger Tides, had sparked buzz that the recently married actress was expecting.

Cruz was snapped in Puerto Rico sporting a flowing top and a possible bump. [Source]

Penelope Cruz is pregnant!

A rep for the Oscar-winning actress, 36, has confirmed to UsMagazine.com that she is four-and-a-half months pregnant.

Wearing a flowing top, Cruz sported a baby bump recently on the Puerto Rican set of her upcoming movie, Pirates of the Caribbean: On Stranger Tides.

In July, she wed Spanish actor Javier Bardem, 41, in a hush-hush wedding in the Bahamas. The two costarred in the Woody Allen comedy Vicky Cristina Barcelona, for which Cruz won a Best Supporting Actress Oscar in 2009.

Bardem’s sister Monica recently said a baby will likely be on the way for the newlyweds.

“They have shown the world they are in love,” she told Hola!, “and it would be only normal and natural to have children.” [Source]

Sorry we’ve had basically no new news or images of Pe but she’s pretty much filming Pirates and I’m leaning towards no longer posting candids of her.

This will be one of those rare times where I cover Penélope’s personal life because I think its just that personal and private. But I adore these two and this is really beautiful. This event took place back in late May at the Cannes Film Festival.

Javier Bardem won the best actor award at Cannes for his work in the movie Biutiful.

Now, on to the mushy stuff.

Javier publicly declared his love for Penélope Cruz for the first time when he accepted the award!

He said:

“I share this joy with my friend, my companion, my love, Penelope. I owe you a lot and I love you so much.” [Source]

So beautiful now make sure you click the Source to see two photos – one of Pe and the other of Javier.