Are P Diddy And Penelope Cruz Dating?

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.