The Oscar-winning actor - who began dating Penelope when they worked together on Woody Allen movie "Vicky Christina Barcelona" - is planning to pop the question during the couple's holiday next month.
A source close to the couple told Britain's Daily Mail newspaper: "Both Penelope and Javier are very excited about their future together. It has been rumored that Javier has already proposed - but he hasn't asked Penelope to marry him yet."
Matthew McConaughey "got tribal" and played Brazilian music during the birth of his first child.
The 'Fool's Gold' actor - whose Brazilian model girlfriend Camila Alves gave birth to son Levi on July 7 - stayed in the delivery room for the labor and acted as a DJ to play Camila's favorite tunes during her painful contractions.
Jessica Alba has sold photographs of her daughter Honor Marie for $1.5 million.
The 'Fantastic Four' actress - who gave birth to Honor, her first child with husband Cash Warren, in June - signed a deal with America's OK! magazine, after caving into demand for the exclusive first pictures.