As Michael Phelps was breaking seven world records and earning eight gold medals at last week's Beijing Olympics, The Hollywood Gossip staff avoided covering his feats for two reasons:

1. They defied comprehension to such an extent that they left us speechless... which is saying a lot for a group of writers that can fill paragraphs picking apart the latest Brooke Hogan fashion disaster or critiquing the so-called "music" of Heidi Montag;
2. As impressive as it is, swimming faster than any human being that has ever lived does not exactly fall under the category of "celebrity gossip."

Now, though, as rumors about which beauty Phelps is dating become a hot topic, we're ready to dive into the dating pool with the star athlete!

Reports out of Great Britan have narrowed down the possible lucky ladies to a pair: U.S. swimmer Amanda Beard or British fashion model Lily Donaldson.

Beard, of course, is known for being a former Olympic swimmer herself (as well as posing nude for PETA and Playboy), while Donaldson has replaced Kate Moss as one of the faces of Burberry.

Reportedlty, either Amanda Beard or Lily Donaldson is having her breasts stroked by Michael Phelps.