Democratic strategist Don Calloway on Friday shrugged off reports that former New York Mayor Michael Bloomberg Michael BloombergBloomberg rolls out M ad buy to boost Biden in Florida Democratic groups using Bloomberg money to launch M in Spanish language ads in Florida Bloomberg pays fines for 32,000 felons in Florida so they can vote MORE’s possible 2020 bid could shake up the Democratic primary.

“The best thing I can say is, ‘yawn,’” Calloway, the CEO of Pine Street Strategies, told Hill.TV.

“I am just remarkably unimpressed; I’m uninterested,” he added. “Michael Bloomberg doesn’t bring anything to this field that you are looking for that is missing.”

Calloway argued that Bloomberg, who is a former Republican and independent, would better served by running as a third-party candidate, even though that move would likely help President Trump Donald John TrumpFederal prosecutor speaks out, says Barr 'has brought shame' on Justice Dept. Former Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick MORE’s chances in 2020.

"I’m wondering why he doesn’t run as an independent or third-party candidate of some sort — I just don’t really understand," he said, adding that such a move would be "true to what he’s bringing to the table."

Calloway’s comments come after a Bloomberg spokesperson told CNN on Thursday that the billionaire executive is expected to file paperwork for the Democratic presidential primary in Alabama this week.

While the spokesperson maintained that Bloomberg has not yet made a final decision on whether he will jump into the race, he is already being viewed by some as a centrist alternative to candidates such as former Vice President Joe Biden Joe BidenFormer Pence aide: White House staffers discussed Trump refusing to leave office Progressive group buys domain name of Trump's No. 1 Supreme Court pick Bloomberg rolls out M ad buy to boost Biden in Florida MORE.

If the former New York mayor does enter the race, he would be the second billionaire businessman after Tom Steyer Tom SteyerTV ads favored Biden 2-1 in past month Inslee calls Biden climate plan 'perfect for the moment' OVERNIGHT ENERGY: Trump administration finalizes plan to open up Alaska wildlife refuge to drilling | California finalizes fuel efficiency deal with five automakers, undercutting Trump | Democrats use vulnerable GOP senators to get rare win on environment MORE, who has already spent millions in advertising but registers at less than 1 percent nationally, according to the RealClearPolitics average of polls.

—Tess Bonn