HOLLYWOOD, CA - AUGUST 15:  Olympic Swimmer Ryan Lochte arrives at Lionsgate Films' 'The Expendables 2' premiere on August 15, 2012 in Hollywood, California.

HOLLYWOOD, CA – AUGUST 15: Olympic Swimmer Ryan Lochte arrives at Lionsgate Films’ ‘The Expendables 2′ premiere on August 15, 2012 in Hollywood, California. (Photo by Jason Merritt/Getty Images)

Ryan Lochte in three-way competition for gig as the next “Bachelor”

Is Ryan Lochte ready to swap gold medals for red roses?

It’s no secret that Lochte is interested in being the next Bachelor, but reports that have the Olympic hottie asking for $750,000 to star on the hit ABC show have been shot down. Lochte’s manager Erika Wright tells us this rumor is not true.

“We have only had preliminary contact with The Bachelor,” Wright says in a statement.Absolutely no figures have been discussed and no one from Ryan’s team has made any comment with regard to compensation.”

But is Lochte really still interested in looking for love on-camera?

A source exclusively tells E! News that the show’s producers have reached out to Lochte about being their next Bachelor. “No money has been talked about with regard to the Bachelor, but yes, he has been approached,” the source says, adding, “He is open to featuring his dating life on TV.”

But before you start flooding ABC studios with your audition tapes, ladies, you should know that Lochte might not be the show’s first choice.

Read the rest from sister site E! Online here.

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