After a thorough analysis of his butterface, our daily Michael Phelps conversations with various friends often come to the same conclusion: When he becomes a member of society again, he can have any bitch he wants. The rumor floodgates have finally opened on that topic, and word is he's either dating fellow Olympic swimmer Amanda Beard or model Lily Donaldson. Beard is a model of sorts, too. She currently appears nude in a PETA campaign and has posed nude for Playboy. Donaldson is known for usurping the Burberry campaign from Kate Moss in 2007 and currently appears in campaigns for Gucci and Gap. (Donaldson was reportedly dating Carine Roitfeld's son, Vladimir, but hey, when the Phelps comes calling…) Though Phelps could very well be seeing both ladies, we kind of hope the Donaldson rumor is true, because if she made him a part of the fashion scene and we saw him sitting front row at Fashion Week or at a party on the Gramercy Hotel rooftop or something, we'd just die. You know he'd be Mr. Awkward McBawkward in those settings.

THE MODELIZER [Fashionologie]
Michael Phelps' girlfriend: Amanda Beard or Lily Donaldson? [Telegraph]