Olympic champion Yuzuru Hanyu of Japan is competing at the first ISU Grand Prix of Figure Skating event of the season in Chicago this week ©Getty Images

The world's elite figure skaters are preparing for the start of the 2016-17 International Skating Union (ISU) Grand Prix of Figure Skating season, which begins tomorrow in Chicago.

Olympic champions Yuzuru Hanyu of Japan and Canadians Tessa Virtue and Scott Moir are all down to compete at the Progressive Skate America tournament, which is scheduled to run until October 23.

A total of 58 skaters and couples from 13 ISU member countries will be in action over the coming days.

Skate America is the first of six events in the Grand Prix series, where competitors will be aiming to accumulate enough points to qualify for the Grand Prix final and win prize money of $180,000 (£147,000/€165,000) per individual event.

Points towards the Grand Prix final are awarded to the top eight competitors in each category, with 15 points going to first place, 13 to second and 11 to third.

In the men’s event, World Championship bronze medallist Boyang Jin of China and reigning ISU Grand Prix Final bronze medallist Shoma Uno of Japan are the favourites alongside Sochi 2014 gold medallist Hanyu, but will face strong competition from Russian national champion Maxim Kovtun and United States national champion Adam Rippon.

Ashley Wagner of the United States is one of the favourites in the women's field ©Getty Images
Ashley Wagner of the United States is one of the favourites in the women's field ©Getty Images

In the women's field, World Championship silver medallist Ashley Wagner of the US and Japan's three-time world champion Mao Asada are the favourites.

A strong field in the pairs event features 2016 European Championship bronze medallists Evgenia Tarasova and Vladimir Morozov of Russia, as well as Canada's ISU Grand Prix finalists Julianne Seguin and Charlie Bilodeau.

Elsewhere, world silver medallists and siblings Maia and Alex Shibutani of the US will be confident of winning the ice dance competition.

The pair were crowned 2016 American ice dance champions and are World Championship silver medallists, but face competition from Vancouver 2010 Olympic champions Virtue and Moir.

Other contenders will be 2016 European bronze medallists Ekaterina Bobrova and Dmitri Soloviev of Russia, and 2014 Four Continents champions Madison Hubbell and Zachary Donohue of the US.