I'm seriously crushing over this sleek yet casual look of Penelope Cruz in a tuxedo blazer over jeans. Yes the boyfriend blazer is in style this season but take it up a notch with a variation of the tuxedo jacket.
Penelope's tuxedo jacket closely resembles this See by Chloe Tuxedo Jacket ($580 at Shopbop).
Here are some picks for tuxedo jackets that won't break the bank:
Grosgrain Collar Tux Jacket ($125 at Topshop)
Extended Shoulder Jacket ($160 at Topshop)
BCBG Max Axria Tuxedo Jacket ($173 at Bluefly)
Juicy Couture Cropped Tuxedo Blazer ($198 at Juicy Couture)