Last year, Monegasque driver Charles Leclerc secured an emotional victory at his home track, but this year the likes of Oscar Piastri, Lando Norris and Max Verstappen will surely be the favourites amid their enthralling championship battle.
Piastri leads his team-mate Norris by 13 points in the drivers' standings, while Verstappen is also lurking, just nine points further back from Norris' points tally and 22 points behind leader Piastri.
Here is how you can watch all competitive sessions from the Monaco Grand Prix for free, in what is set to be a huge weekend of F1 action!
What time is F1 on Channel 4 for the Monaco Grand Prix?
Highlights of Saturday's vitally important qualifying session will air on Channel 4 at 6:30pm BST on Saturday evening, allowing fans the chance to catch up on the action.
That highlights package will be a 90-minute show, before a two-hour-and-a-half bumper show on Sunday, where Steve Jones will present highlights of Sunday's main event at 6:30pm BST.