VIDEO : Penelope Cruz to Star in 'American Crime Story'

Penelope Cruz is set to play fashion designer Donatella Versace in the third installment of "American Crime Story" on FX. The Academy Award-winning actress has signed on to star in the 10-episode series that focuses on the 1997 slaying of Versace's brother, Gianni. Donatella Versace took over the famed fashion house after her brother was killed. Cruz has won a supporting actress Oscar in 2009 for "Vicky Cristina Barcelona," directed by Woody Allen. She has appeared in numerous films including "Pirates of the Caribbean: On Stranger Tides" with Johnny Depp.