The 37-year-old 'Magic Mike' actor starred alongside Schwarzenegger in the action film 'Sabotage' earlier this year, and has remained close friends since, reported Digital Spy.
Manganiello says the 66-year-old actor inspired his own career in Hollywood.
"He's my friend," he said. "Just hanging out with him, you realise what's possible with your life. It takes a lot of work.
"I just visited him on the set of Terminator 5. We hung out, smoked a cigar, it was great. We're a couple of people who are not afraid to get dirty and do the work.
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