Javier Bardem, Penelope Cruz

Penelope Cruz and Javier Bardem are engaged, Us Weekly reports.

A source tells the magazine the Oscar-winning lovebirds are headed to the altar but are trying to keep their engagement "very private and quiet." A friend of the couple also told New York's Daily News that they're both telling pals they will get married.

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Calls to Cruz's rep were not immediately returned.

News of an engagement follows incessant pregnancy reports, which Cruz denied last month.

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The marriage would be the first for Cruz, 35, and Bardem, 40, who first met in 1992 on the Spanish film Jamón, Jamón. They started dating in 2007 while filming Woody Allen's Vicky Cristina Barcelona, which earned Cruz a supporting actress Oscar earlier this year. Bardem won a supporting actor Oscar last year for No Country for Old Men.