A lady in red!

Jennifer Lopez made quite a statement on the red carpet at the 2014 Billboard Music Awards, donning a sheer red Donna Karan cape gown over a matching red bodysuit with a plunging neckline. She pulled her hair into a half up 'do, sporting a high ponytail.

The "American Idol" judge seemed to be channeling Little Red Riding Hood in this whimsical ensemble.

The see-through look also reminded us of THAT green Versace dress that she wore at the 2000 Grammys, but it's a bit more covered up.

J.Lo may not be our Best Dressed star at the award show, but she's certainly earning top honors. She will be the first woman ever to receive the Icon Award -- and there's no doubt she's going to do so in spectacular style on the stage.

What do you think of her latest look? Sound off below, and check back with toofab to see the best moments from the show!

Click "Launch Gallery" above to see all the stars on the red carpet at the 2014 Billboard Music Awards.

Hot Videos