Louis Vuitton released pictures of the above ad late last week, which shows the superstar Olympian with Ukranian Olympic gymnast Larisa Latynina, whose 48-year Olympic record for most medals Phelps beat last month.
Phelps looks quite dapper in the ad, impeccably groomed in an elegant suit.
The tag line reads: “Two extraordinary journeys. Just one way to get there.”
The ad was shot by famed photographer Annie Leibovitz.