Michael Phelps takes on modeling, poses for the new Louis Vuitton Bag Ad with famed gymnast Larisa Latynina and wearing only a speedo.  

Michael Phelps take on Ryan Lochte in modeling wearing speedo, goggles and nothing more sitting in a tub for Louis Vuitton Bag Ad.

The New Ad was taken by Annie Leibovitz, famed American portait photographer known for her works in Rolling Stone Magazine, and famous John Lennon, Yoko Ono portrait, and other famous celebrities from Bill Gates, Queen Elizabeth II and Michael Jackson. 

This time, Leibovitz portray Michael in his comfortable element as well as dressing up in suit, vest and tie lounging with 77 year-old Larisa Latynina decorated Ukrainian Olympic Gymnast with 18 Olympic medals whom Phelps just recently had surpassed, in July 31, 2012, finishing with 22 medals in the London Olympics.

In the Louis Vuitton Ad, The 27 year-old Olympian looks comfortable as a model, now that he's retired from competitive swimming. What's next for the decorated Olympian?