Salma Hayek and her fiance have called off their engagement. The 'Frida' actress and French billionaire Francois-Henri Pinault - who have a 10-month-old daughter Valentina Paloma together - were reportedly set to marry later this year, but their spokesperson confirms the plans have now been "canceled."

The representative said: "We are sad to announce the engagement of Salma Hayek and Francois-Henri Pinault has been cancelled. There will be no further comment."

Salma Hayek is reportedly planning to spend $3.5 million on her wedding. The 'Frida' actress - who has a nine-month-old daughter Valentina Paloma with her fiance, French businessman Francois-Henri Pinault - is set to wed Francois in a lavish ceremony in France next spring.

A source told the National Enquirer magazine: "It took Francois over a year to get Salma to agree to marry him, and he doesn't want to spare any expense. Francois basically gave her the key to the vault and said, 'Go wild.'"

Salma Hayek says becoming a mother taught her to love life again.

The 'Frida' actress - who has a seven-month-old daughter Valentina Paloma with her fiance, French businessman Francois-Henri Pinault - revealed having a baby is the greatest thing she has ever done.