According to former UFC lightweight champion Eddie Alvarez, who currently competes for ONE, there are serious negotiations to fight six division champion Oscar De La Hoya in a boxing match.

De La Hoya recently announced that he was planning to come out of retirement to have a fight on July 3, with event being financially backed by the Triller app.

De La Hoya retired back in 2008, after suffering a one-sided stoppage loss at the hands of Manny Pacquiao.

Since retiring, De La Hoya has placed his entire focus on his promotional company, Golden Boy Promotions.

But, in the last few years the 48-year-old De La Hoya has been flirting with the idea of returning to the ring.

When De La Hoya announced his comeback last month, it was indicated that his opponent could potentially be a well-known MMA fighter.

Alvarez indicates that their discussions are very serious.

“Recently we’ve been hearing from Oscar De La Hoya’s guys,” Alvarez said to ESPN.

“Look, I’m fixated on the ONE Championship belt. I’m laser, laser focused on making history and getting my world title, but I feel like there’s gonna be a lull. The champion is gonna sit for a bit—I think he’s having a baby. If that happens, Oscar De La Hoya and them guys have been reaching out and, hell, I’d love to get in there and mix it up with him. That’d be a hell of a fight and I’ve got everyone here in Philadelphia backing me, and the whole Philadelphia boxing [community] to back me up.

“Getting in there to mix it up with that guy would be a dream come true. I actually think I’d do pretty damn good against him. I’d be crazy excited about that if them guys figure that out. There’s serious talks. They’re serious like wanting to get a deal done this week serious.”