The powerful storm has picked up strength and become a Category 2 hurricane and is now barrelling towards Europe with sustained winds of 100 mph.
It is set to make a direct hit on Britain early next week, but the storm is set to batter the tropical Azores and Spain and Portugal on its way north.
The storm is currently heading east across the Atlantic Ocean and located around 745miles (1,195km) southwest of the autonomous Portuguese Azores islands, travelling at 3mph.
Current forecasts suggest the storm will gradually turn to the north and remain well offshore of the region but Portugal has issued an amber warning across the Azores islands for rain, wind and thunderstorms.
They expect Hurricane Ophelia to cause “strong tropical force winds and rain” on the eastern side of the islands.
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In Galicia, the north western region of Spain, meteorologists have also issued a warning for strong winds.
TVE meteorologist Martín Barreiro said: “It is very likely for it to be a very powerful storm, which will produce wind and waves in Galicia, especially on the Atlantic coast.”
The region is very popular with tourists for surfing holidays as it is the home of some of Europe’s biggest waves.
After hitting Iberia this weekend, Ophelia will then bring a blast of strong winds early next week to Ireland before the United Kingdom as a powerful post-tropical low-pressure system.
The National Hurricane Centre has also confirmed there will be a slight strengthening in Ophelia as it pushes towards Britain in the next few days.
Fears have raised that Ophelia could make a slight change in its track and head towards Britain just after the weekend, almost 30 years to the day since the Great Storm of 1987.
Forecasters have said Hurricane Ophelia is unlikely to reach the levels of the Great Storm but will be more compared to Tropical Storm Grace, which hit Britain in 2009.
The latest models by the NOAA NHC show Ophelia hitting Northern Ireland, Scotland and England’s northeastern coast between October 16 and 17.
The Irish coast and parts of the UK could experience punishing winds and dangerous waves.
Britons are warned to prepare for power outages, road chaos and delays on railways, ferries and at airports.
This is the 10th consecutive storm to reach hurricane strength in the Atlantic this season, tying the record also met in 1878, 1886 and 1893.