Brad And Angelina Say, 'Ciao Italia!'

Watch out Italy, the Brangelina brood is headed your way. The power-duo reportedly dropped $40 million (about £25 million) on an Italian villa.

Brad Pitt and Angelina Jolie have added yet another historic and insanely high priced European estate to their already bulging property portfolio. In 2008 the perpetually peripatetic ex-pats picked up a 1,000-acre estate in the South of France known as 'Chateau Miraval' and recent reports reveal that the comely couple dropped some big bucks on a rustic retreat in the scenic northeastern Italian countryside.

It all started in the spring of 2010 when the Jolie-Pitt clan decamped to Italy for a few months while Jolie filmed scenes for her upcoming thriller The Tourist. It wasn't long before the real estate crazy couple became smitten with the rolling countryside in the Valpolicello region just outside of Verona. So they did what people with mountains of money sometimes do when taken with a locale: they went house hunting. Their search led them to the itty-bitty Italian town of San Pietro in Cariano and the 'Villa Costanza.'

The undeniably aristocratic but somewhat down on it's heels 'Villa Costanza' -- also known as Villa Saibante-Mongo' -- dates back to the early decades of the 17th century and was listed for sale with an A-listers only asking price of $32 million euros. Most reports say the couple coughed up somewhere in the neighborhood of $40 million (£25 million) for the fixer upper.

According to the official website of the Comune di San Pietro in Cariano, the U-shaped villa wraps around a central courtyard guarded by two carved stone lions. A colonnade runs around the interior of the courtyard that includes mythological statues, a well that dates back to 1623 and a lot of overgrown bushes.

With 18,000 sq. ft. there's more than enough room for the always expanding Jolie-Pitt crew at the 'Villa Costanza,' which the couple reportedly plans to use as a vacation home. In addition to the 15 bedrooms and 7 bathrooms in the Palladian-style villa, there are at least two gigantic and regal reception rooms that feature antique tile floors, coffered ceilings and walls covered with 17th-century frescos and panels painted with portraits of historically notable people.

The 'Villa Constanza' includes 2 swimming pools, several spas, waterfalls, a cinema, gym, and stables. There's even a vineyard, which makes sense since the Valpolicello region is one of the centers of Italy's viticultural industry. Perhaps the Jolie-Pitts will start producing their own wine that they can sell and donate the proceeds to one of the many charities they support.

Although there is some speculation that the Pitt-Jolies have leased rather than purchased both the 'Chateau Miraval' and the 'Villa Costanza,' the couple do own a number of other swank homes including an historic mansion in New Orleans, a 5+ acre compound in Los Angeles' Los Feliz neighborhood, a sleek house perched on a bluff overlooking the Pacific Ocean in Malibu, another ocean front compound just north of Santa Barbara, and close to 150,000 acres of Cambodian jungle with a traditional house on stilts that Jolie picked up prior to hooking up with Pitt and just after adopting her oldest child Maddox.

See more on the Brangelina Villa over at Real Estalker.