Yep according to Yahoo! Penelope Cruz is set to become the Bond Girl in episode 24 at the ripe young age of 40. That will make the star the oldest Bond Girl ever and means that she and her husband, Javier Bardem, have both done time in the franchise.
BOND 24 is slated to start shooting in Summer 2014 (June-August) and we should see it in 2015 or 2016.
As previously mentioned, Sam Mendes is back to direct this one and #25.