Nicole Kidman hasn't shown this much flesh since 1999's "Eyes Wide Shut" -- but the 45-year-old still looks better than ever!

The actress goes topless on the cover of V Magazine's Travel Issue, where she also shows off her perky rear-end while wearing what looks like a wig.

Stlyed by Carlyne Cerf De Duzeele and shot by photographer Mario Testino, the photo spread is definitely a racy one for Nicole ... who has two young daughters with husband Keith Urban.

In other shots, the star is seen posing in a see-thru lace bra or flaunting her killer legs. 

"I would be more outlandish if I could," Kidman tells the reporter after the sexy shoot. "A lot of times you just don’t get the chance."

See Kidman go wild when the issue hits newsstands August 30th.

Hot Videos