This press conference is running 8:45 GMT. Michael Phelps will be giving a $25,000 award through one of his sponsors to a US youth center to support grassroots sports and the Olympics legacy. The award will be given on stage to a little 7 year old boy from a low-income and notoriously violent area of Knoxville, Tennessee. His father was tragically victim to this violence having been shot and killed in April this year. After the presentation of the award there will follow a Q&A session with the media.

Watch the live press conference here: