CONTINUING COVERAGE: FLOODS OF 2016

Michael Phelps Chosen as USA Flag Bearer for Rio Olympics

OMAHA, NE - JUNE 29:  Michael Phelps of the United States competes in the final heat for the Men's 200 Meter Butterfly during Day Four of the 2016 U.S. Olympic Team Swimming Trials at CenturyLink Center on June 29, 2016 in Omaha, Nebraska.  (Photo by Tom Pennington/Getty Images)

OMAHA, NE – JUNE 29: Michael Phelps of the United States competes in the final heat for the Men’s 200 Meter Butterfly during Day Four of the 2016 U.S. Olympic Team Swimming Trials at CenturyLink Center on June 29, 2016 in Omaha, Nebraska. (Photo by Tom Pennington/Getty Images)

Michael Phelps, the most decorated Olympic athlete of all time, is set to add a unique honor to his glittering resume: flag bearer.

The swimmer has been chosen to lead the American athletes into Rio’s Maracanã Stadium during Friday’s opening ceremony, it was revealed exclusively on TODAY Wednesday.

Phelps, an 18-time gold medalist, will join Matt Lauer for a live interview at 8:30 a.m. EST Wednesday.

TODAY gave viewers a sneak peek at the Polo Ralph Lauren outfits Phelps and his fellow Olympians will wear during the Parade of Nations — but Phelps’ uniform will have one notable difference.

The swimmer’s outfit will include special electroluminescent panels that represent “the intersection of fashion and technology,” according to David Lauren, Ralph Lauren’s executive vice president for global advertising, marketing and communications.

“For an athlete, being chosen as the flag bearer for Team USA is an extraordinary honor, and we wanted to pay tribute to that position,” Lauren said in a statement.

Read more on TODAY.com.