The Oscar-winner just filmed a cameo appearance, playing herself on the red carpet.
And Penelope isn't the only big name co-starring in the sure to be hit movie. Miley Cyrus and Liza Minnelli will also join the ladies on the big screen.
There were reports that Beyonce was also going to make a cameo, but she'll be lending her vocals, not her face, to the movie.
We just can't wait for the sequel, we're literally counting down! The movie is due out in May 2010. What are your predications about the plot of the movie?