Presidential candidate Mike Bloomberg is investing millions of dollars into a Super Bowl ad that will take aim at Donald Trump.

The game is scheduled for February 2.

The 60-second spot will likely cost Bloomberg at least $10 million as Fox executives have said 30-second TV ads will be "north of $5 million," according to Variety.

A spokesman for Bloomberg's team, Michael Frazier, confirmed the ad buy to CNBC after it was first reported by The New York Times.