1. Various of Phelps showing off his new swim brand, MP Michael Phelps designed by Aqua Sphere, and the race kit he plans to wear at the Olympics in Rio de Janeiro, Brazil.
2. SOUNDBITE (English) Michael Phelps, Olympic gold medal swimmer :
"This has been a lifetime dream for me just being able to make my own swimsuit, make my own line, and being able to have every little bit of input that I could possibly have into it and actually see it in the suit, you know, be as involved as we have been I think is something that I really just thought of as a dream and I'm living a dream come true."
3. Various of Phelps practicing at Arizona State University
4. SOUNDBITE (English) Michael Phelps, Olympic gold medal swimmer:
"Going into the 2012 Olympics I don't think I gave myself the best opportunity to perform how I want to and that was based off the decisions that I made leading up to the trials and the London games. Taking two weeks off here and there really isn't the best way to get ready for an Olympics and I got the results that I deserved then and, you know, being able to actually be excited to come into the pool and train now is something that is so different than I've really ever felt over the last five or six years."
Olympic gold medal swimmer Michael Phelps is looking forward to competing in Rio de Janeiro, Brazil, and says this time will be different than 2012.
"I'm training. I think that's a huge difference," Phelps said Monday after practicing at Arizona State University. "Going into the 2012 Olympics, I don't think I gave myself the best opportunity to perform ... Taking two weeks off here and there really isn't the best way to get ready for an Olympics."
Phelps said this time around he is "excited to come into the pool and train."
Phelps took time out of his practice day to show off his new brand of swimwear to the media _ MP Michael Phelps designed by Aqua Sphere _ and unveil the racing kit he'll be wearing at the Olympics in Rio de Janeiro.
He said designing his own brand of swimwear "has been a lifetime dream."
The 18-time gold medal winner also took a moment to reflect on his legacy, noting that the one thing he doesn't want to have when he leaves the sport is regret.
"For me, I think the biggest thing that I've always wanted when I hung my suit up is I want to be able to look back and not have a what if," Phelps said. "And 20 years down the road if I can look back and say I did everything I wanted to and I prepared the best way that I could, I think that's, to me, all that matters in the end."