The two popstars look smoking hot as they lay on a bed wearing revealing black swimsuits before caressing each other in the steamy visual.
'Hips Don't Lie' singer Shakira also brings back her sultry hip action as she dances against a wall while wearing a sheer red Julien McDonald dress from his A/W '13 collection.
Rihanna also mirrors Shakira's hip action as she grinds against the wall wearing a black dress. In another scene, the two singers look nearly naked as they cuddle up to each other.
Shakira takes centre stage in the video, which was premiered last night (30 January), and even takes a dip in the steaming pool of water - looking glamorous the whole time of course!
'Can't Remember To Forget You' is the first single to be taken from Shakira's self-titled album.
The catchy pop song "is about that guy that just gets under your skin and you can't leave alone," Shakira explained earlier this month.
Speaking about the collaboration, Shakira told Ryan Seacrest's radio show, On Air: "Rihanna heard the record and she loved it and she said she was onboard, and I was the happiest girl alive. To shoot the video with her has been a blast."
Shakira, who celebrated her son Milan's first birthday on 22 January, also explained that her album took two years to make.
In an open letter on Facebook, she said: "The work on this album has spanned a very eventful time, with many ups and downs but ultimately, the happiest period in my life thus far, including the birth of my son."
Shakira will be the first album since her 2010 release, Sale el Sol, and it will be her first English-language record since 2009's She Wolf. The Latin popstar will rejoin the judging panel on The Voice US season six when it returns in February.
Watch the video below: