Hopman Cup canned, expected to be replaced with men's only event

Hopman Cup has been scrapped after 31 years as Perth's iconic tennis event.

Earlier this year the event peaked when organisers secured tennis legends Roger Federer and Serena Williams, widely regarded as the greatest players of all time, to play each other in a doubles match watched around the world.

Roger Federer snaps a selfie with Serena Williams at the Hopman Cup in Perth earlier this year.Credit: Twitter

Nine News Perth reports the January competition will be replaced by a men's only ATP Cup, which will be played across Perth, Brisbane and Sydney, with its finals matches to be played over east.

The Cup is expected to attract more than 100 men from 24 countries who would compete for world ranking points.

The $21 million prize pool will likely attract some of the world's best.

The ATP Cup would have a similar format to the Hopman Cup, with eight teams competing over six days, and a women's event is expected to be added for future competitions.

Tennis Australia is expected to announce the scrapping of the Hopman Cup at midday Thursday.

More to come.