"Erin will be a large and powerful hurricane over the southwestern Atlantic Ocean this weekend," the National Hurricane Center said.

An eyewall replacement cycle is underway within Hurricane Erin as the monster storm continues to barrel across the Atlantic while bringing gusty winds and rain to Puerto Rico and the Virgin Islands after rapidly intensifying into a catastrophic Category 5 hurricane over the weekend.

As Erin continues to churn over very warm water, the storm will gain quick momentum and will likely become the first major hurricane (a category 3, 4 or 5 storm) as early as this weekend as it passes to the north of Puerto Rico.

Hurricane Erin has officially formed in the Atlantic Ocean on Friday, Aug. 15, according to the National Hurricane Center.

Forecasters are tracking a new disturbance in the Atlantic Ocean as Hurricane Erin, a Category 5 storm, undergoes an eyewall replacement cycle, according to a Saturday night update from the National Hurricane Center.

A westward-moving tropical wave could produce an area of low pressure in the tropical Atlantic late in the week of Aug. 18, the hurricane center said on Aug. 16. The center shows a 20% chance of storm formation over the next week.

Jean-Raymond Bidlot, senior scientist in ocean modeling at the European Centre for Medium-Range Weather Forecasts (ECMWF) told Newsweek that Erin is forecast to strengthen over the next week as it heads toward the U.S. East Coast, reaching peak intensity offshore from Cape Hatteras.

Forecasters are watching a tropical disturbance with very high chances of formation as it moves west of Africa in the Atlantic Ocean. The low pressure system, causing strong winds and rough seas, is near the northwest Cabo Verde Islands and has a 90% chance of organizing into a tropical depression over the next two days.