Curvy Cruz: Penélope flashes her assets in sexy new Mango ad

Hot pink: Penélope strikes an alluring pose

Penélope Cruz shows off the impressive curves which have captured the eye of many a Hollywood hunk in her latest Mango ad campaign.

The Madrid-born actress, who boasts Tom Cruise and Matthew McConaughey among her former boyfriends, looks stunning in the new shots for her clothing line.

Penélope, 33, and her dancer sister Mónica, 30, have teamed up with the Spanish fashion house to design a second collection after the huge success of their autumn/winter line last year.

The Mango collaboration has been an opportunity for Penélope to show she's more than just a pretty face and a good actress - she can also design.

In a series of sexy shots, a smoky-eyed Penélope flashes her cleavage while gazing at the camera in a hot pink satin gown.

And keen to show off her other assets, Penélope's curvy derrière is on display in tight indigo jeans, while a floral maxi dress flashes her slender legs off to perfection thanks to a strategically placed fan.

Before teaming up with Mango, the Volver actress modelled for rapper P Diddy's Sean John fashion line and has been a spokesmodel for cosmetics house L'Oreal since 2006.

Penélope was also the face of Ralph Lauren Polo and the designer's Glamorous fragrance during her three year romance with Tom Cruise.

Meanwhile, Penélope has a busy 2008 ahead of her and will be inundating the big screen - her new movies Manolete, The Good Night, Elegy and Woody Allen comedy Vicky Cristina Barcelona are all set for release.

She recently vacationed on a Brazilian island with new boyfriend Javier Bardem, who she co-starred with in the Allen movie.

Filming on her next movies Nine, alongside Bardem and Sophia Loren, has been postponed due to the current Hollywood writers' strike.