Farah, reigning Olympic gold medallist in the 5000m and 10 000m and defending two-time world champion in both events, will warm up for Rio, just three weeks away, with some speed work over 1500m.
It is an event he has run before, famously setting a European record of 3:28.81 in 2013.
Farah clocked 3:28.93 to finish fourth in the event at last year’s meeting and another fast time looks a certainty as he goes up against the top Kenyan trio of three-time world 1 500m champion Asbel Kiprop, world silver medallist Elijah Manangoi and Ronald Kwemoi.
Kiprop's winning time last season made him the third fastest man over the distance, with just Morocco's Hicham El Guerrouj and American Bernard Lagat, then running for Kenya, having gone faster.
Also in the field at the Stade Louis II this Friday are Algeria's Olympic champion Taoufik Makhloufi, Morocco's Olympic and world bronze medallist Abdalaati Iguider (respectively seventh and eighth fastest ever) and Norway's Ingebrigtsen brothers Filip, who recently won the European title, and Henrik, who claimed European bronze in Amsterdam last week.
Schippers claimed two golds on her home track in the Netherlands as she wowed her Dutch fans by scorching to the 100m title and running a second leg that ensured victory for the 4x100m relay team.
"It's a very good time and a national record. Now we are ready for more, for Rio. We always want more," Schippers said after the Dutch team won the relay in 42.04 seconds.