THE GROSBY GROUP
People Staff
July 31, 2007 AT 05:15 PM EDT

Photos of Spanish actress Penélope Cruz and Irish rocker Bono which show the pair walking hand-in-hand have sparked rumors of a possible romance. Although Pé, 33, is single after her 2006 breakup with actor Matthew McConaughey, 47-year old Bono is married to Ali Hewson. The couple, which met in high school, has had 4 children during their 24-year marriage.

Pictures of the actress and the U2 frontman were snapped on July 25 on a yacht, walking and holding hands on the beach, and leaving Club 55 in the ritzy, celebrity-filled port city of Saint Tropez. Model Helena Christensen was also snapped with the pair. Cruz and Bono were also seen the following day on their way to French Riviera nightspot VIP Room. They left the disco in the same car at around 4 A.M., according to British tabloids The Sun and The Daily Mirror.

But Peopleenespanol.com got to the bottom of it. And here’s what we found out: “Penélope is vacationing with Bono, his wife Alison and their kids,” said her publicist in an exclusive statement. “They’re very close friends.”

Truth be told, this isn’t the first time the two have gone out together. Bono escorted Penélope to the NY Film Festival screening of Volver at Alice Tully Hall in October of last year. At that screening, she also grabbed his arm, evidence of their great friendship.

Many times in the past, Cruz had expressed great admiration for the U2 lead singer, describing him as “my hero” and praising his philanthropic work in Africa.

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