Lochte sparked reality show rumors on Today earlier this week when he said he is "definitely looking towards" appearing on either The Bachelor or Dancing with the Stars.
The swimmer commented further on his desire to be the next Bachelor on Access Hollywood Live, revealing that he is ready to find love.
"I would think about [The Bachelor]… I definitely would because, you know, before I was training so much that I didn't have time for a girlfriend, [but] I wanted to give that perfect someone my heart," Lochte explained.
He continued: "Now that the Olympics are over, I definitely want to settle down. So, we'll see what happens."
Lochte has already landed a guest starring role in the new season of 90210, in which he will play himself.
The athlete has won five Olympic gold medals, three silvers and three bronze prizes throughout his career.