Hulk Hogan’s `sex tape` leaked online

London - A new sex tape featuring Hulk Hogan, who spanks and calls his female friend a “hot commodity”, has been leaked.

The one-minute clip is said to be taken from 30 minutes of footage, and it shows the veteran wrestler in all of his glory.

The 59-year-old professional wrestler is said to have shared the sexual encounter with Heather Clem, the ex-wife of his best friend, radio DJ Bubba the Love Sponge.

In the naughty movie, the duo is seen performing a number of different sex acts on each other, at one point a mystery man can be heard on the camera as the three casually have a little chat.

“You guys do your thing, I’ll be in the office if you need me,” the Mirror quoted the voice as saying.

The muscle man strips off and the unflattering camera angle shows Hogan in full flesh with the bald patch on his head fully visible.

It gets super awkward when the action starts to heat up and Hogan’s phone rings. He’s too busy to answer so growls, “F**k no” and resumed play.

After a bit of mumbling and fondling, he asks his co-star: “You got a rubber? I want you to climb on top of me.”

Right before Hulk leaves, he makes sure that the woman feels appreciated.

He tells her, “You’re a hot commodity,” before making his exit in one of most bizarre sex tape encounters.

“This tape was made secretly without Hulk's knowledge or permission,” Hulk’s lawyer David R. Houston told TMZ.

“We are going to do everything in our power to figure out who did it. Anyone displaying the tape will be held accountable to the fullest extent of the law,” he added.