We already know Britney Spears won’t be hitting us one more time with another turn as a performer at MTV’s annual Video Music Awards, but what about as a presenter?

Celebrity spies tell Us Weekly, the “Toxic” singer is desperate to give away one of the night’s honors 2008 VMAs, airing September 7. According to recent whispers, Britney could be joined on stage by fourteen-time Olympic medalist Michael Phelps.

“She hopes to share the stage with Michael Phelps.”