The Olympic swimmer, who has picked up two gold medals, two silvers and a bronze at this year's London Olympic Games, joked that he would be keen to compete with his Team USA colleague Michael Phelps.
Rival Phelps has previously said that he would consider appearing on the ABC competition, explaining that he has heard it's "fun".
"Since I'm so used to competing against Michael Phelps, I'd have him on [Dancing with the Stars]," Lochte told Us Weekly. "I could do Dancing with the Stars! Yeah, I think so."
Lochte has reportedly been offered at least two reality shows since his success at the London Olympics.
Meanwhile, the athlete has admitted that he would like to try acting, saying: "I think I would be good at it."
Photo gallery - London 2012 in pictures: