The multi-award-winning singer and the 28-year-old tennis champion, who is currently ranked No. 3 in the world, will be opening their first restaurant in Madrid in March, reported Hello magazine.
The two have teamed up with basketball star Pau Gasol and businessman Abel Matutes Prats for the business venture.
"The food of our country is very famous. There are many Spanish restaurants but none have tried to become the reference at a national or even international level ," a spokesperson for the investors said.
The flagship Tatal in the Spanish capital will be 800-square meters, decked out in 1920's inspired decor and divided into three zones -- the restaurateurs hope to "surprise customers with performances."
Tatel Ibiza is set to open in 2016, with future plans to expand to Barcelona, London, and Las Vegas already in the works.
Enrique, 39, son of iconic Spanish singer Julio Iglesias, was born in Madrid and at the age of 15 moved to the US, where he grew up.
Rafa, meanwhile, was born on Spanish island Majorca, where he bought a luxurious villa in 2013.
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