The winner of the prestigious award has been selected from a list of 376 candidates - 228 are individuals and 148 are organisations.
However, who or what they are is meant to be kept closely guarded secret.
Despite this, a list of front-runners has emerged - including Syria's White Helmets, and the negotiators of the Iran nuclear deal.
A number of less obvious suggestions to win the prize have also been rumoured, including Donald Trump for his "vigorous peace through strength ideology".