Update: Penelope Cruz Hits The TIFF

Update: Putting the rumors to rest, Penelope Cruz tells USA Today that she is not expecting. "I start getting some presents from friends saying, 'Congratulations, you're pregnant,'" she says. "And I say, 'No, I'm not, so return the presents. It's amazing."

A possibly pregnant Penelope Cruz was beautiful in blue at last night’s Toronto International Film Festival premiere of her new movie, Broken Embraces.

The 35-year-old actress is keeping people guessing when it comes to her rumored pregnancy. Though she’s reportedly 4 to 5 months along, the Oscar-winner has yet to comment on the baby buzz. Her lovely light blue dress by Roland Mouret had room to conceal a bump, but Penelope kept mum when asked point blank by reporters about the speculation last night.

Adding to the mystery, she was spotted holding a cigarette while out for lunch with pal Salma Hayek earlier this week.

What do you think: Is there a baby on the way for Penelope and her boyfriend Javier Bardem?