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Antonio Banderas and Penelope Cruz are celebrating the release of their new film!

The pair were seen posing together at the premiere of Competencia Oficial in Madrid, Spain on Monday (February 21).

PHOTOS: Check out the latest pics of Penelope Cruz

Penelope wore a black and white printed Chanel gown, while Antonio opted for a leather jacket and black trousers. They were joined at the premiere by their co-star Oscar Martinez.

The movie is a satire that focuses on a wealthy businessman who hires a famous filmmaker to help him make a smash hit film.

The two stars were also spotted at the photo call earlier that day and you can see all the pics here.

Click through the gallery for 120+ photos of Antonio Banderas and Penelope Cruz at the premiere of Official Competition in Madrid… More Here! »

Penelope Cruz looks as amazing as ever at the photo call for her film Official Competition (aka Competencia Oficial) on Monday afternoon (February 21) in Madrid, Spain.

The actress was joined by her co-stars Antonio Banderas and Oscar Martinez for the day of press and promo. The film is about a wealthy businessman who hires a famous filmmaker to help make a smash hit film.

PHOTOS: Check out the latest pics of Penelope Cruz

If you don’t know, Penelope was nominated for an Oscar this year! She is up for Best Actress for her role in Parallel Mothers, and if you didn’t see the news, this year is a very special year for Penelope. Find out why!

FYI: Penelope is wearing Chanel. Antonio is wearing a TAG Heuer Monaco watch.

Penelope Cruz is attending another 2021 Venice Film Festival premiere!

The 47-year-old actress walked the red carpet alongside co-star Antonio Banderas, 61, at the premiere of their film Official Competition on Saturday (September 4) in Venice, Italy.

The actors were joined at the event by co-star Oscar Martinez and Antonio‘s longtime love Nicole Kimpel. Check out photos from the daytime event as well!

In the Spanish-language movie, Penelope “plays renowned filmmaker Lola Cuevas, who is recruited by a billionaire entrepreneur who impulsively decides to create an iconic movie,” according to Deadline.

This is Penelope‘s second movie to premiere at the festival. Her first one was the opening night selection!

FYI: Penelope is wearing a Chanel dress.

Click through the gallery to see 40+ photos of Penelope Cruz and Antonio Banderas at the premiere… More Here! »

Penelope Cruz and Antonio Banderas are all smiles at the 2021 Venice Film Festival!

The 47-year-old actress and the 61-year-old actor posed for a photo call for their movie Official Competition on Saturday morning (September 4) in Venice, Italy.

The actors were joined at the event by co-star Oscar Martinez.

In the Spanish-language movie, Penelope “plays renowned filmmaker Lola Cuevas, who is recruited by a billionaire entrepreneur who impulsively decides to create an iconic movie,” according to Deadline.

Make sure to stay tuned for photos from the red carpet premiere!

This is Penelope‘s second movie to premiere at the festival. Her first one was the opening night selection!

FYI: Penelope is wearing a Chanel dress.

Click through the gallery for 30+ photos of Penelope Cruz and Antonio Banderas promoting their movie… More Here! »