Although an official announcement of any departure from the Australian swimming team has not yet been made, Steph has been forced to spend 2013 out of the water due to injury.
The timing couldn't be more perfect - the 24-year-old athlete, with model good looks, will begin her new job on Monday.
Today's executive producer Neil Breen said in a statement:
"We couldn't be happier to have Steph come on board as a member of the Today family. She will be terrific for us and the network.
"It's not every day you have a multiple Olympic gold medalist join your team. And I don't think the early mornings will be a problem for her after years in the pool," he said.
slideshow: worst things eaten in the name of television.