Jennifer Lopez Is Wearing Elie Saab on the Oscars 2015 Red Carpet

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Jennifer Lopez, Oscars, 2015 Academy Awards

The presenter wore a plunging deep-V blush-colored gown with a full skirt and completed the look with a high ponytail.

Jennifer Lopez hit the red carpet in an embellished beaded gown at the 2015 Academy Awards held at the Dolby Theatre on Sunday (Feb. 22) in Hollywood. 

Lopez is known as a triple threat as a musician (A.K.A.), dancer and actress (The Boy Next Door), but her consistently racy sense of fashion has landed her a place in red-carpet history.

Photos: See all of Hollywood's brightest stars in the 2015 Oscars Red Carpet photo gallery

Lopez is a presenter at this year's Academy Awards. 

Be sure to watch the 2015 Oscars, hosted by Neil Patrick Harris tonight at 5:30 p.m. PT/8:30 p.m. ET on ABC.