Collin Morikawa and Xander Schauffele are joint leaders at the PGA Championship, with a host of contenders still in with a chance of triumphing going into the final round.

Schauffele crucially recovered from a double-bogey on 15 to birdie his last two holes on Saturday. That meant he finished on 15 under, carding a second successive 68.

Morikawa went one better with a four-under 67, so sits in a share of the lead in pursuit of his third major title, having recovered impressively from a bogey on two to produce a blemish-free round from there.

Sahith Theegala is only one behind the leaders at Valhalla Golf Club, while Shane Lowry, Bryson DeChambeau and Viktor Hovland are only two off the lead.

Lowry stormed into contention as he equalled the lowest round in men's major history during a sensational third round in Kentucky.

The Irishman carded nine birdies and no bogeys to set a new career low and jump to 13 under after being eight strokes off the lead at the halfway stage.

Lowry had the opportunity to produce the first '61 round' in a men's major history but missed the hole by mere inches on 18, settling for a record-equalling 62 instead.

It is just the fifth time a 62 has been carded at a major, with Schauffele doing it for the second time on the first day at Valhalla.

Robert MacIntyre and Justin Rose are also in striking distance, as they sit three shots off the pace after producing impressive rounds of 66 and 64 respectively.

Rory McIlroy, though, is seven shots behind Morikawa and Schauffele at eight under, level with Jordan Spieth.

And, after a tumultuous week, world number one Scottie Scheffler looks to have slipped out of contention after posting a two-over 73. He is on seven under in a tie for 24th position.

As for Schauffele, he has had 12 top-10 finishes at majors, including two second-place and two third-place finishes. He has lead since round one and will now look to finish the job on Sunday.

"Felt like I've had to work for a lot of my birdies the last two days," he said after round three.

"Haven't been able to make many putts. I feel like I'm still hitting the ball. Feel like I'm hitting the ball pretty nice.

"If I can just get the putter going a little bit, it should free me up."