Mercedes get goingpublished at 14:21 British Summer Time 24 May 2018
A bit late to the party, but the Mercedes pair are out there now.
Valtteri Bottas is quickly up to sixth quickest, with Lewis Hamilton seventh.
Image source, .Summary
Daniel Ricciardo leads Red Bull one-two in both practice sessions
Lewis Hamilton P3 in FP1, P4 in FP2
Hamilton top of the drivers' standings, 17 points clear of Sebastian Vettel
Get involved: Your Monaco GP memories #bbcf1
Mercedes get goingpublished at 14:21 British Summer Time 24 May 2018
Image source, .Top fivepublished at 14:19 British Summer Time 24 May 2018
A long, long way to go in this session, but these are the top five at the moment.
Image source, F1Is the rain coming?published at 14:16 British Summer Time 24 May 2018
Image source, .Fernando Alonso seventh and Stoffel Vandoorne 12th quickest so far in this session.
Postpublished at 14:13 British Summer Time 24 May 2018
A great second session so far from Toro Rosso. Brendon Hartley second and Pierre Gasly fourth, although the Red Bulls and Mercedes pair are yet to set a time. The Ferrari duo of Sebastian Vettel and Kimi Raikkonen are first and third.
Image source, Getty Imagesget involved Get Involved #bbcf1published at 14:12 British Summer Time 24 May 2018
Your Monaco GP memories
Steve Woods: First race I ever saw when I was 11 years old was the Monaco GP in 1992 with Senna battling Mansell. Wow!! Loved every minute of it!! That's what got me into F1.
Miranda Lane: I love Monaco as it's such a cool & challenging street circuit, drivers give 1000% commitment all weekend! My best memories definitely Mark Webber in 2010 + 2012 Diving into Red Bull Swimming Pool.
But, not everyone is a fan...
Mike Barham: I don't want to put a downer on the conversation, but it's almost as if everyone has been told to big up the Monaco GP this year because they know the race itself is often processional and boring... Probably even more so this year with the aero as it is... just an opinion!
Image source, Getty ImagesPostpublished at 14:05 British Summer Time 24 May 2018
We are back under way..
Romain Grosjean, after clipping the wall twice earlier today, is second fastest of the early guys out there, behind Charles Leclerc, who has home-track advantage and has probably driven on these streets loads of times.
Image source, Getty ImagesListen livepublished at 14:00 British Summer Time 24 May 2018
BBC Radio 5 liveOur 5 live commentary is up and running with Jack Nicholls, Jolyon Palmer and Jennie Gow in Monaco. Press the play button at the top to listen along right now.
By royal appointment...published at 13:59 British Summer Time 24 May 2018
Image source, F1Horner stirs things uppublished at 13:56 British Summer Time 24 May 2018
Andrew Benson
BBC Sport’s chief F1 writer in MonacoChristian Horner was having a good stir in the team bosses' news conference on Lewis Hamilton's contract.
He says that he figures "money" must have something to do with the delay, the amount must be "grotesque" and making Toto and Niki's eyes water.
Highlights from FP1published at 13:52 British Summer Time 24 May 2018
What happened earlier on? Well, here, courtesy of the official Formula 1 Twitter account, you can have a bit of action to see the best bits.
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End of twitter post'We've had worse days'published at 13:50 British Summer Time 24 May 2018
A tough life for some...
Image source, Renaultget involved Get Involved #bbcf1published at 13:49 British Summer Time 24 May 2018
Your Monaco memories
The drivers love it and it is the most glamorous event of the season.
So, let us know why you love the Monaco Grand Prix. Also, tell us your magical Monaco memories from previous years.
Ever been there to watch a race? Tell us what happened and throw in some pictures as well if you have any.
Tweet us using the hashtag #bbcf1 and we will post the best messages in this page throughout the afternoon.
'The race I most look forward to'published at 13:45 British Summer Time 24 May 2018
Earlier this week Nico Hulkenberg described his love of the Monaco Grand Prix, saying the race was "the highlight of the year".
Image source, Nico HulkenbergReversing Verstappen avoids punishmentpublished at 13:42 British Summer Time 24 May 2018
In session one Max Verstappen reversed back on to track, impeding one of the Ferraris but there will be further action taken against the Dutchman.
Image source, .Vettel would welcome Hamilton at Ferrari - gossippublished at 13:40 British Summer Time 24 May 2018
Image source, Getty ImagesA quick look at some stories that the Formula 1 world is talking about..
Sebastian Vettel says he would have no issue with Lewis Hamilton joining Ferrari if the world champion decided to leave Mercedes when his contract expires at the end of this season. (Daily Mail), external
Haas' Kevin Magnussen says he is not bothered by other drivers' opinion of him. The Dane has upset some of his rivals in the past with his hard-racing style, but says "I don't care what the other drivers think of me, they can say what they want.". (ESPN), external
You will not see Max Verstappen hitting the casino while in Monaco. The Red Bull man says he does not like gambling and would "rather throw his money into the sea". (Verstappen.nl), external
McLaren Racing chief executive Zak Brown has said he wants Fernando Alonso to drive for the brand if they choose to expand their motorsport programme outside of Formula 1. (The Checkered Flag), external
Read more of the gossip stories from the world of Formula 1 here.
Postpublished at 13:36 British Summer Time 24 May 2018
..meanwhile Daniel Ricciardo decided to teach Pierre Gasly how to play Aussie rules football.
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End of twitter postRace you, dadpublished at 13:33 British Summer Time 24 May 2018
So, what's happened in the last hour and a half?
Well, former world champions Nico and Keke Rosberg entertained the crowd in Monaco...
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End of twitter post
Image source, .Times from session onepublished at 13:31 British Summer Time 24 May 2018
These are the times from the opening session and a good day so far for Red Bull with Daniel Ricciardo the fastest man out there and Max Verstappen second.
A good performance from Carlos Sainz saw him break up the usual top six, with Valtteri Bottas only seventh.
Only seven laps from Kevin Magnussen and he was the slowest.
Image source, Renault SportWelcome backpublished at 13:27 British Summer Time 24 May 2018
It has been Red Bull's day so far, but there is still another practice session today so let's see who will be celebrating and who will be panicking.
Back at 13:30 BSTpublished at 11:40 British Summer Time 24 May 2018
That is the end of session one and time for some food. We will be back at 13:30 BST for all the news from session two so hopefully you can join us again then. See you soon.