Not long after his wife Kim Porter announced that they had split, P Diddy has been cosying up to yet another female starlet. This time it�s Spanish beauty Penelope Cruz.

The New York reports that the bad boy for life took Cruz onto his yacht and they spent some quality time alone together.

�She was last seen headed toward Diddy�s bedroom, with the rap mogul posting a bodyguard on the stairs. The next day, our witnesses say, Cruz, wearing the same dress as the night before, turned up with Diddy at Nikki Beach Club. �She looked very tired,� said one snitch. �When they said goodbye, Diddy mouthed the words �I love you.��

A rep for Cruz has denied any romance saying: �Penelope and P. Diddy are very close friends and have been for five years.�

Well if P Diddy does indeed love Penelope, we know it�s not for her telescopic eyelashes.