Penélope Cruz and Daniel Day-Lewis of Nine are featured in the seventh annual NY Times Great Performances Portfolio for 2010. The issue is a photographic celebration of the year’s best performances, and they have chosen actors who stunned and delighted us this past year. It was the February 21, 2010 issue. She was in it last year as well. Coincidentally photographed exclusively on the set of Nine.

A scan from the 2010 Hollywood Portfolio issue has been added to the gallery.

Last year she was photographed with Woody Allen and this year she’s with her idol Pedro Almodóvar. You can also view the photoshoot in this past update.

We’re bringing you live updates of the 82nd Annual Academy Awards, news, pictures and more! Follow this post for the updates and of course our Twitter @penelopecruzorg for all the instant second breaking live updates!

Update #1) Penélope Cruz was just spotted on the red carpet wearing a red dress and an up-do! She was briefly shown on E!’s Live Coverage.

Update #2) Penélope Cruz stood next to her Supporting Actress nominees for the official red carpet on ABC before the big show, where she was gracious and even said even though she’s been there multiple times, she didn’t feel like a vet, that it felt like the first time and when she didn’t speak any English. She also said she is “so happy and proud to be in company of these amazing actresses.”

Update #3) The first (tagged) photo of Pe is available on our twitter, here!

Update #4) Cruz just presented Best Actor in a Supporting Role to Christoph Waltz for Inglourious Basterds. He opened his speech with “Penélope Cruz and an Oscar equals a Bingo.”

Update #5) Penélope is wearing a ravishing red Donna Karan couture duchess satin pleated gown, Chopard jewels and soft updo.

Update #6) The first pictures of our girl are being added to the gallery as we speak. Keep checking back for lots more coverage!

Update #7) Penélope shown in the audience.

Update #8) Not surprisingly, Mo’Nique won Best Actress in a Supporting Role. Pe was shown holding hands in the auidence with Javier Bardem.

Update #9) Penélope is carrying an Haute Couture Folies Clutch with a black strass Swarovski buckle and black stripped ostrich feather work by Roger Vivier.

Update #10) Cruz shown briefly in the audience during the Best Score dance performances.

Update #11) It’s a wrap! Pe didn’t attend any after parties.

Yesterday Pe attended the Press Conference before the Oscars and I have now added pictures. She looked more casual in a black and blue dress, but gorgeous as if we’d expect anything less.

Stay tuned for more Oscar updates. Not only is Cruz nominated but she will be presenting tonight as well.

Big thanks to Jess of our sister site Kate Hudson Heaven for alerting us to the 20/20 video being online. This is all that aired I believe, and Pe’s segment comes in about 05:21.

Penélope Cruz, Daniel Day-Lewis, Marion Cotillard and Rob Marshall were in Paris, France earlier today for the premiere of their film Nine.

Penélope looks absolutely stunning in a ballet pink creation with lace overlay and jeweled shoulders. The dress was by L’Wren Scott Spring 2010 (seems to be one of her favorite designers of late) and it’s train was custom-made for Cruz. The back of the dress looks gorgeous! I especially love Pe’s straight hair and make-up here. She topped off her look with a silver clutch and heels.

The first photos have begun to arrive and I’ve started adding some to the gallery. Hopefully we’ll have more tomorrow.

Scans from the April issue of Elle Spain have been added. It seems to just be a re-print of last year’s NY Times Portfolio, however enjoy nonetheless. Thanks to ‘Keira18′ for the scans.

Held yesterday in the capital of Spain was the 2010 Goya Awards (Spanish equivalent to the Oscars). Penélope Cruz was a nominee for her work in Broken Embraces, however she lost to Lola Duenas for her role in Me, Too. Cruz also served as a presenter at the gala. Javier Bardem was seated next to her in the audience.

Penélope looked exquisite in a vintage Gianni Versace ivory column gown with vertical signature Gianni Versace zippers in the back of the dress. It’s nice to see something other than black which she’s been choosing a lot here lately.

I have updated the gallery with over x128 pictures from the festivities. Watch a video of her on the red carpet after the break.

Penélope Cruz, Stanley Tucci and Maggie Gyllenhaal have all been nominated for this year’s Academy Awards, and they’re all sharing their excitement with ET!

Penélope, last year’s Best Actress winner for Vicky Cristina Barcelona is up again this year for her supporting performance in Nine. She did not find out until about an hour after nominations were announced and “had 19 missed calls and 120 emails and text messages,” so she spent her day returning her messages. The actress is thankful for the support of her loved ones, saying, “It’s beautiful to talk to all the people that love you and care about you and get excited for you with something like this.”

Watch the video after the jump or on ET’s site.