CANNES — Penelope Cruz has inked to star in the Luc Besson-written and produced “Fanfan la Tulipe,” a remake of a 1952 French adventure-comedy.

Produced by Besson’s Europa Corp. banner, pic will be directed by Besson collaborator Gerard Krawczyk (“Taxi 2”). Cruz plays opposite the already-cast Vincent Perez.

Gerard Philipe and Gina Lollobrigida toplined the 1952 pic, a swashbuckler set in the 18th century under the reign of Louis XV. Earlier versions were filmed in 1907 and 1926.

Screenplay was penned by Besson and Jean Comas (“Capitaine Conan”).

Cruz will play a gypsy girl who dupes a handsome young peasant, Fanfan, into joining the French army by predicting that, if he does, he will end up marrying one of the king’s daughters.

“Fanfan” marks Cruz’s return to French-lingo filmmaking after playing one of Don Juan’s victims in Jacques Weber’s 1998 “Don Juan.”

Closing the deal here were Besson and Kuranda Management Intl. CEO Katrina Bayonas, Cruz’s U.S. manager and international agent and manager. She is repped in the U.S. by CAA’s Brandt Joel.

Based out of Madrid, Kuranda has just launched an office in Los Angeles to further the careers of Spanish, European and South American talent in the U.S.