Jake Paul will face Tyron Woodley on August 28 in his fourth professional boxing bout.
No venue has been announced yet but the fighters will be required to weigh a maximum of 190lb, 10lb under the recognised cruiserweight limit.
YouTube star Paul has amassed a record of 3-0 thus far in his pro career and recently signed a deal with Showtime Boxing in America, but Woodley will be the first legitimate striking threat he has faced to date.
The former UFC welterweight champion was renowned for both his wrestling and his stand-up in his MMA career and is still a feared competitor despite losing his last four bouts.
He won the top prize in MMA by brutally knocking out famed striker Robbie Lawlor in 2016 and defended his title four times against top strikers Stephen Thompson (twice) and Darren Till, as well as jiu-jitsu legend Demian Maia.
Woodley lost the belt in early 2019 to Kamaru Usman and has since lost to Gilbert Burns, Colby Covington and Vincente Luque, who are ranked second, first and fifth respectively in the division.
He and Paul exchanged insults after a heated confrontation at the Ohio native's last bout where Woodley was cornering close friend Ben Askren.
Paul and teammate J'Leon Love, who is a 24-3-1 boxer in his own right, mocked Woodley's inexperience in the boxing world, which led to the former champion calling out Paul once he had stopped Askren in the first round.
And once Woodley confirmed his release from the UFC in April, the path was cleared for a deal to be made between he and Paul.
Woodley, who was a two-time NCAA All-American wrestler before starting MMA, has been training with veteran trainer Eric Brown, best known for coaching Paulie Malignaggi and working out of Freddie Roach's wildcard gym.
But Paul has opened as a favourite with bookmakers due to his superior boxing experience,
He debuted in the white-collar ranks by stopping fellow YouTuber Deji Olatunji within five rounds in 2018 before turning professional with Eddie Hearn's Matchroom Boxing two years later to fight another social media star in Ali Al-Fakkri, otherwise known as AnEsonGib.
After landing a handy first-round knockout against the inexperienced Brit, he moved on to face former NBA star Nate Robinson on the undercard of Mike Tyson's comeback exhibition bout with Roy Jones Jr in November last year.
Paul announced himself on the boxing stage with a viral second-round knockout which left Robinson in need of medical treatment.
The American went back-and-forth with 2-0 Bellator MMA star and Conor McGregor training partner Dillon Danis, but when that fight fell through he fought former Olympic wrestler and MMA champion Ben Askren on April 18.
Askren, who was not renowned for his striking, struggled to make the requisite improvements in time for the bout, and was brutally stopped in the first round.
Paul subsequently became one of the most talked about figures in combat sport with Usman and former UFC champion Daniel Cormier both rising to the bait.
But UFC president Dana White poured cold water on the prospect of any of his fighters being given permission to fight Paul.
Paul's fight with Askren reportedly garnered 1.5million pay-per-view sales, earning it a spot in the top ten PPV events in boxing history, while his bout with Robinson was part of the sixth biggest event ever in Tyson v Jones.
And with Woodley's highest UFC payday of £416,000 coming against Darren Till at UFC 228, it is expected he could make a career-high purse for the fight with Paul.
The bout will be aired on Showtime in the US, with UK streaming details to be announced in due course.
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