The 35-year-old didn’t disappoint fans as she made quite the statement in the figure-hugging custom designer gown.

She kept her look timeless and classy by adding an eye-catching sparkling diamond necklace and a pair of dazzling drop earrings.

She styled her long blonde locks down in loose waves parted to the side.

The singer completed the look with matching eyeshadow, a dramatic cat eye liner on the top of her eyelids and a pink lipstick.

Lady Gaga dazzled on the red carpet at the SAG awards (Image: Getty Images)

The House of Gucci star is nominated for Outstanding Performance by a Female Actor in a Leading Role, for her portrayal of Patrizia Reggiani in the film.

The singer is up against other big names in the category, including Olivia Coloman, Jennifer Hudson, Nicole Kidman and Jessica Chastain.

Gaga shared a selfie when she learned about her nomination and expressed her gratitude.

Lady Gaga wowed fans with plunging strapless gown at the SAG awards (Image: FilmMagic)

She said: “I am so beyond grateful to be nominated for Best Actress by the @sagawards for my performance in House of Gucci, for best ensemble, alongside Jared Leto for Best Supporting Actor.”

She added. “I have long dreamed of being an actress and studied from a young age because I was passionate and committed to storytelling through art.

Lady Gaga sent temperatures soaring as she posed in a white and gold gown (Image: FilmMagic)

“To be recognized by fellow actors touches my heart and is deeply meaningful that I would be included in this artistic community of brave imaginative humans.

“Thank you so much and congratulations to all the other nominees as well as all the performers in films this year—you are all gifts to the world and I’m so honoured to be in your company.”

She concluded the post revealing she was “very emotional”.