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Michael Phelps beats Ryan Lochte in 200m IM, both headed to Rio

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Michael Phelps looks ready for his fifth Olympic Games.

The 31-year-old was in top form as he won Friday night's 200m individual medley, besting his longtime teammate and rival Ryan Lochte at the U.S. Olympic Team Trials in Omaha, Nebraska.

It's the second win at the trials for Phelps, who finished first in the 200m butterfly on Wednesday. He'll likely compete in the 100m butterfly finals on Saturday, with a chance to qualify for his third individual event.