Penelope Cruz is set to play fashion designer Donatella Versace in the third installment of "American Crime Story" on FX. The Academy Award-winning actress has signed on to star in the 10-episode series that focuses on the 1997 slaying of Versace's brother, Gianni. Donatella Versace took over the famed fashion house after her brother was killed. Cruz has won a supporting actress Oscar in 2009 for "Vicky Cristina Barcelona," directed by Woody Allen. She has appeared in numerous films including "Pirates of the Caribbean: On Stranger Tides" with Johnny Depp.