Just last week, People Magazine quoted Salma Hayek denying that she was having a lavish follow-up wedding to her Valentine’s day civil ceremony with billionaire French businessman Fran¸ois-Henri Pinault. Hayek was outspoken in her denial, saying that “I think spending millions of dollars on a wedding is ridiculous and it has never been my dream. I would never do that.”

Salma’s uber-rich husband may have helped change her mind, because now there’s news that Salma and Fran¸ois-Henri are going to have a weekend-long destination wedding celebration in Italy and that they’re flying guests in from all over the world. That’s could cost up to seven figures depending on how many people are invited:

Salma Hayek is saying “I Do” for the second time this weekend, Usmagazine.com has confirmed.

The 30 Rock actress, 42, will wed Francois-Henri Pinault, 46 — whom she quietly married last Valentine’s Day — in Italy.

“They are being very hush hush about it,” a source tells Us of the couple, who are parents to daughter Valentina, 19 months.

Another source tells Us Hayek and Pinault, the chief executive of PPR — which owns Louis Vuitton — are flying their pals to Venice to celebrate for the entire weekend. Ashley Judd arrived today.

[From US Weekly]

It depends on how many people are flown in and what exactly they’re doing, but with a full weekend of festivities planned it’s not quite the quaint wedding that Salma seemed to prefer. It also sounds like something that will run at least a million if they have enough guests and do it up with the best food, accommodation and entertainment. Salma and her new husband definitely have the means to throw a lavish bash if that’s what they want. If this three day party is planned though you wonder if Salma was initially against it and had to be talked into it by Fran¸ois-Henri. Compromises are what marriages are all about.

US doesn’t have too many details and it could be more of a vacation for friends rather than a full second wedding. Given Salma’s penchant for privacy we probably won’t be seeing photos of her on her special day and will have to rely on secondhand reports. Now that the news is out you can bet the paparazzi will be trying to get those shots though.

Salma and Fran¸ois-Henri are shown at a Stella McCartney fashion show in Paris on 3/9/09. Credit: ANG/Fame Pictures