Michael Phelps is head-over-heels for his leggy new girlfriend, but his pals fear he'll be devastated if she's just using him for fame and fortune, Radar Online reports. “Michael is like a puppy dog" around Megan Rossee, a source says. "He’s completely in love with her." But the part-time model and cocktail waitress is "hoping to make it in Hollywood, she’s ambitious and knows that by associating herself with Michael she will get a lot of press herself."
Now that Rossee has gained attention by supporting Phelps at the Olympic trials in Omaha and the London Olympics, friends fear she'll move up the LA boyfriend ladder. "Michael adores everything about Megan, she’s athletic, makes him laugh and she’s obviously drop dead gorgeous," says an insider. "But what happens when the buzz of the Olympics dies down and life goes back to normal? Will she want to date a retired swimmer?"