Penélope Cruz to play Donatella Versace for FX

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Katrina is the second installment of American Crime Story, following the acclaimed first season focused on O.J. Simpson, and will premiere in 2018. While the Hurricane Katrina-centric follow-up iteration to Murphy's acclaimed 2016 FX anthology series American Crime Story is circling a premiere date, the 2018-set third iteration has just procured an Oscar victor to play its central character in Penélope Cruz. And now we know who will play his sister and current vice president of The Versace Group, Donatella Versace: Penelope Cruz, reports Variety.

Cruz will star opposite Edgar Ramirez and Darren Criss in the 10-episode limited series, which examines the shocking July 1997 assassination of Gianni Versace (Ramirez) on the steps of his Miami Beach mansion by sociopath and serial killer Andrew Cunanan (Criss).

Murphy is also behind "American Horror Story", which will offer a seventh installment this year. But this news puts those rumors to rest. "But I would love to work with her on something in the future".

Versace: American Crime Story will see screenwriter Rom Rob Smith (Child 44, London Spy) episodically adapt Maureen Orth's 1999 book Vulgar Favors, also serving as an executive producer alongside Nina Jacobson, Brad Simpson, Brad Falchuk, and, of course, the brand's primary visionary in Ryan Murphy.

This marks the USA television debut for Cruz, who won an Oscar in 2009 for Vicky Cristina Barcelona.

This will be the first regular TV gig for Cruz, who became the first Spanish actress to earn a star on the Hollywood Walk of Fame and an Academy Award nomination for Best Actress (for 2006's Volver). It ignited the careers of some of its actors, including Sterling K. Brown, and reinforced the positions of accomplished actors like Sarah Paulson and Cuba Gooding Jr.