Former Republican presidential candidate Mitt Romney will not seek donations to reimburse himself for the $45 million in loans he made to his own campaign, FOX News confirms.

Romney's press secretary Eric Fehrnstrom said that at some point his loans will be "reclassified" as contributions, and that he's already turned his attention to fundraising for his party.

"Mitt Romney's priority right now is raising money for other Republicans and not trying to recoup the money he put into his own race," Fehrnstrom said.

The Boston Globe reported Thursday that Romney will soon formally declare he is not seeking donations to repay the $45 million, the most ever spent personally by a candidate in a primary race.

Romney's name is often tossed around as a potential vice presidential pick for John McCain, the presumptive Republican presidential nominee. The former Massachusetts governor and businessman dropped out of the presidential race in early February.

Click here to read the full article in The Boston Globe.

FOX News' Shushannah Walshe contributed to this report.