In addition to swimming laps, it appears from the dish zig-zagging at lightning speed around the Internet, that Michael Phelps is inclined to take a splashy romantic dive down south, too.

The Hollywood gossip site is reporting that Carrie Underwood and Stephanie Rice are in the running for the Olympic champ’s chump change – but like insightful moi – have given kudos to Nicole Johnson for coming out on top – of Michael Phelps!

However, another blogger is reporting that Phelps has fallen hard for a stripper by the name of Caroline “Caz” Pal.

On that site, photos of Ms. Pal are pretty – um – in-your-face!

In fact, the blogger was forced to “black-out” her bare ti**ies.

A little too risque for couch potatoes around the country to digest?

Shots of “Caz” in-between two females – creating a human snatch (um) snack effect – leave little to the imagination, too.

Does Michael’s gal “Pal” swing both ways???

Or, does the sizzling sexy siren just figure herself to be a water nymph ripe for riding by the ubiquitous water stud?

News at 11!