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Olympic swimmer Ian Thorpe's hot new boyfriend is a swimwear model

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One's an Olympic swimmer, the other is a swimwear model, making Ian Thorpe and his new boyfriend Ryan Channing Australia's new extremely hot couple.

The Aussie swimming champion is reportedly dating the model and law student and the couple are said to have spent the summer enjoying each other's company.

They were spotted on Friday cruising the Sydney Harbour on a luxury boat, News Corp Australia reports.

Channing took to Instagram on the day to share a snap of their adventures with Thorpe wrapping his arms affectionately around his boyfriend's shoulders.

"The summer of [love] continues..." he captioned it, including a love heart emoji and tagging all of their friends.


Although they have yet to officially comment on their relationship, they share a mutual love for the water with Thorpe one of Australia's greatest swimmers with five Olympic gold medals under his belt, while Channing volunteers at North Bondi Surf Life Saving Club.

Thorpe, 33, has previously denied rumoured romances with singer Ricky Martin and Sydney teacher Joseph Payne, but seems to be comfortable with going public with Channing as his boyfriend.

While his relationship with the 26-year-old model from Perth, who is completing his law studies at the University of Technology Sydney, is still new, a friend of the pair told The Courier Mail they are "smitten with one another".

"Over the last few weeks Ian and Ryan have been inseparable," the source said.

"They have been going out in public together and meeting one another's friends, they seem really happy."

The swimming star, who has battled depression and constant speculation about his sexuality in the past, was announced last week as the face of Mardi Gras 2016.

Fairfax Media has asked Channing and Thorpe for comment.

Do you know the couple? Email amy.croffey@fairfaxmedia.com.au.

AAP/Fairfax Media