By Miguel Rivera

Former champion Miguel Cotto (38-4, 31KOs) is hoping to finalize his next opponent before the end of 2013, according to his legal adviser Gabriel Peñagarícano. There is interest from both Saul "Canelo" Alvarez and WBC middleweight champion Sergio Martinez. Gabriel Peñagarícano tells Raul Alzaga that Cotto wants to return around May of 2014.

"Our intention is to have a decision made on who [Miguel] will face before the end of 2013. Miguel is interested in fighting near the month of May in order to have a chance to do a good promotional tour," Peñagarícano said. "Canelo People are interested, but I have not been made a formal offer yet. And Cotto has also been asked about Martinez. Both are attractive fights, but there is nothing official on the table. Once we receive official offers, we will sit down to negotiate, review the terms offered and then decide [on who Miguel will face]."

Because Cotto is a free agent, Peñagarícano said the fighter can negotiate with anyone - Top Rank or Golden Boy Promotions.

"Cotto is a free agent and he can negotiate with anyone. Cotto can negotiate with whoever he wants. There is no obstacle with [negotiating with either promoter]," Penagaricano said.