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Owen Wilson, Ben Stiller, Zoolander

Paramount Pictures

Looks like the cast of Zoolander 2 is set to be even more ridiculously good-looking!

Ben Stiller took to Instagram to announce the latest news regarding the comedic sequel that fans have been looking forward to for over 14 years, but who's really counting? The actor affirmed a Spanish A-lister will be joining the star-studded cast.

"Excited to announce Penélope "Little Penny" Cruz has joined #Zoolander2 cast! #fbf," captioned the 49-year-old actor.

To honor flashback Friday, Stiller posted an adorable pic of the Oscar winner in her early years. The now 40-year-old brunette stunner looks charming as can be with her bangs pulled back by two little green bows.

Cruz was rumored to be joining the likes of Owen Wilson (Hansel) and Will Ferrell (Mugatu) as of last year, but it was only speculation until now. 

Penelope Cruz, Instagram


The sequel is expected to follow Derek Zoolander as he tries to revive his image after his star power in the male modeling industry fizzles out.

Jennifer Aniston's beau Justin Theroux wrote the script and Stiller will be directing.

"In the fashion world, if you go away for a year, it's changed—it just happens so quickly," Stiller told MTV about this installment. "I think the idea in the beginning of the movie is that its 10 years later, and Derek and Hansel are literally forgotten. Nobody remembers who they are, so they have to reinvent themselves."

The follow-up film is currently set for a Feb. 2016 release.