Gwyneth Paltrow made a jaw-dropping return to the Oscars red carpet in a show-stopping ivory silk Giorgio Armani Privé gown with dramatic slits, which left little to the imagination.

The 53-year-old actress, who stars in the critically acclaimed Marty Supreme, turned heads with the gown’s dramatic side slits, revealing sparkling sheer trousers hidden beneath the elegant design.

Accessorising with Tiffany platinum and diamond jewelry, including a dazzling necklace and statement rings, Paltrow looked amazing,

Gwyneth Paltrow. Pic: Christina House/Los Angeles Times via Getty Images

Her look was completed with her signature blonde locks styled to perfection and radiant makeup that highlighted her natural beauty.

While Paltrow wasn’t nominated for an award, she took to the stage to present during the ceremony, where Marty Supreme was up for nine awards, including Best Picture.

Gwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: ShutterstockGwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: Shutterstock

The film’s director, Josh Safdie, and co-star Timothée Chalamet also received nods, making it one of the night’s most celebrated projects.

This marks Paltrow’s first Oscars appearance in nearly a decade, and she didn’t disappoint. Her bold yet elegant ensemble is sure to be remembered as one of the standout looks of the evening.

See more in our gallery below:

Gwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: Getty ImagesGwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: FilmMagic

Pic: Arturo Holmes/Getty Images

Gwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: ShutterstockGwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: Shutterstock

Gwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: Getty ImagesGwyneth Paltrow arrives on the red carpet at the 98th Annual Academy Awards. Pic: Getty Images

Gwyneth Paltrow. Pic: Arturo Holmes/Getty Images

Gwyneth Paltrow. Pic: Frederic J. Brown/AFP via Getty Images

Gwyneth Paltrow. Pic: Arturo Holmes/Getty Images