Ian Thorpe has been robbed of $150,000 in a home break-in, with the incident reported to Paddington Police Station.
The Australian swimming legend attended the police station to report an alleged theft incident, according to New South Wales Police.
What happened?
The break-in occurred at 4pm AEST on Thursday, June 5, with Thorpe's manager James Erskine confirming the incident.
Erskine stated that Thorpe had some personal items stolen, including watches and jewellery.
The value of the stolen items is estimated to be around $150,000, according to radio host Ben Fordham.
Why it matters for Ian Thorpe
The incident is a significant financial setback for Thorpe, who has been living in Sydney's eastern suburbs.
Thorpe's $3.5 million townhouse in Woollahra was up for sale late last year, but it is unclear where he is currently based.
What comes next?
The police investigation into the incident is ongoing, with officers attached to the eastern suburbs commencing an investigation.
There is no further information available at this time, according to the police statement.
Thorpe, a five-time Olympic gold medallist and 11-time world champion, has been a respected commentator since his retirement from swimming in 2006.
He made a brief comeback in 2011, but has since focused on his commentary career.
The incident has been reported on radio host Ben Fordham's 2GB program, with Fordham stating that Thorpe spoke to officers for an extended period.
Erskine said there were no obvious signs of a break-in, and the incident is still being investigated.
Thorpe's fans and supporters will be hoping that the incident is resolved soon, and that he can return to his normal life.
The Australian swimming community will be keeping a close eye on the situation, as Thorpe is a beloved and respected figure in the sport.