Penelope Cruz on June 20, 2012 in New York City. Credit: Mark Von Holden/WireImage

This pregnancy test is coming back negative!

A source close to Penelope Cruz tells Us Weekly she's not pregnant despite reports Thursday.

Reports claimed the 38-year-old actress was expecting her second child with husband Javier Bardem, 43. However, a source tells Us the reports are false.

The couple, who secretly wed in July 2010 at a small ceremony in the Bahamas, are already parents to son Leonardo, 17 months. 

"From the first second, you feel so much love," Cruz told Vogue's June 2011 issue about having a son. "It is a revolutionary experience. That's the best way I can describe it. It transforms you completely, in a second. Nature is very wise and gives you nine months to prepare, but in that moment, when you see that face, you are transformed forever."