Penelope Cruz was spotted on set with uber-short hair! Credit: FameFlynet

No way! Penelope Cruz was photographed on set of her latest movie Ma Ma in Madrid on Thursday, June 5, rocking extremely short, pixie-like hair.

Wearing an oversized purple plaid shirt and blue jeans, the Oscar winner's signature locks appeared to have been chopped off as she was snapped on set of the upcoming drama. 

But have no fear—the actress was merely wearing a wig for her role of Magda, a gutsy mother who battles to overcome tragedy, as she was then spotted later on set with her long tresses clearly still intact.

Ma Ma marks the 40-year-old's first as a producer. In an interview with Variety at the 67th Annual Cannes Film Festival, Javier Bardem's wife revealed she wanted to produce because she wants to further her career.

"I want to build what could be my future in cinema, not always being in front of the camera," Cruz said, "I’d also like to direct a feature, maybe 10 years from now. For now…I want to go slowly, step by step. I’m following the whole production process very closely, from the film’s inception."