Penélope Cruz & Sister to Design (Affordable!) Lingerie Line

10/24/2012 at 04:30 PM ET

Penelope and Monica CruzCourtesy Agent Provocateur

Well, this is certainly a fitting job for bombshell actress Penélope Cruz: The star and her equally smoking-hot sister, Mónica, are teaming up with luxury lingerie maker Agent Provocateur to help create the brand’s first diffusion collection, L’Agent.

As reported by WWD, the line will feature bras, briefs, thongs and corsets, with the average price set at $64, which is way cheaper than the cost of an Agent Provocateur design. (Some of their pieces go for as much as $1,190!)

CEO Garry Hogarth describes the new venture as “a little younger, and perhaps less sophisticated than the main line, but very wearable, very sexy and with the handwriting of Agent Provocateur.”

After Mónica starred in Agent Provocateur’s recent campaign, the brand approached her about the design job. Mónica then asked her older sister to get in on the gig. “We have always been huge fans of Agent Provocateur and both of us are very much looking forward to this long-term collaboration,” Penélope tells WWD.

We’re expecting good things from the Cruz sisters, especially since their first foray into wallet-friendly design (they created a Mango capsule collection in 2007) featured such fun, wearable pieces.

L’Agent will be available to buy on Aug. 1, 2013 at Bloomingdale’s, Saks Fifth Avenue, Nordstrom and Barneys New York. Tell us: Are you excited to shop the collection?

–Jennifer Cress

PHOTOS: SHOP SEXY LACE LOOKS!

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