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Canelo Alvarez close to 2-fight deal with Matchroom Boxing to face Dmitry Bivol, Gennadiy Golovkin

Canelo Alvarez and Gennadiy Golovkin are finally set to fight in a trilogy.

Alvarez and Eddie Hearn’s Matchroom Boxing are close to finalizing a two-fight contract worth upwards of $85 million for the boxing’s megastar to battle on DAZN. On May 7, Alvarez will face Dmitry Bivol, the current light heavyweight title, in a comeback to 175 pounds.

According to reports, if Alvarez wins, he will retain his uncontested 168-pound title against GGG in a lengthy revenge battle on Sept. 17.

Golovkin (41-1-1, 36 KOs) will face Ryota Murata in a delayed 160-pound championship reunion in Tokyo in the spring, and, like Alvarez, must win to preserve the third fight alive.

Reports suggest the contract hasn’t been approved to or inked yet, but discussions are nearing completion.

Alvarez (57-1-2, 39 KOs) has been debating between Hearn’s two-fight deal and a one-fight offer from Al Haymon’s PBC to protect his four super middleweight championships against Jermall Charlo on May 7. According to insiders, the PBC offer is worth upwards of $45 million guaranteed.

Last year, ESPN’s No. 1 pound-for-pound boxer inked a one-fight agreement with PBC ahead of a Showtime PPV TKO of Caleb Plant in the 11th round. For that victory, Alvarez was guaranteed $40 million. Hearn sponsored his last three fights, including championship triumphs against Callum Smith and Billy Joe Saunders.

Moments after defeating GGG in a September comeback that anchored an HBO pay-per-view show, the 31-year-old agreed an 11-fight, $365 million contract with DAZN in 2018.

After only three fights, Alvarez filed a lawsuit against his longstanding sponsor, Oscar De La Hoya’s Golden Boy Promotions, as well as DAZN. The matter was decided, and Alvarez was released.

Alvarez’s second bout at 175 pounds will be against Bivol, ESPN’s No. 2 light heavyweight. In November 2019, he defeated Sergey Kovalev in an 11th-round KO to retain his light heavyweight title.

Bivol (19-0, 11 KOs) will provide Alvarez with a chance to win a second championship at 175 pounds. The 31-year-old Russian is a deceptive boxer who uses his strong jab to maintain distance. With two decisions victories in 2021 that included minimal combat, he hasn’t accomplished much to amuse.

The most valuable reward, at least in terms of money, is a third encounter with Alvarez’s adversary GGG. In their 2017 middleweight title fight, the two future Hall of Famers battled to a spirited draw before Alvarez won a majority-decision triumph one year ago in another tough battle.

Both matches drew more than million pay-per-view purchases and a total of $20 million in gate receipts. Golovkin (41-1-1, 36 KOs) has stated that he is open to a rematch.

Time is running out as he approaches his 40th birthday. The battle between GGG and Murata was supposed to take place in December, but COVID-19 regulations in Japan forced the bout to be postponed.

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