By Miguel Rivera

Gabriel Peñagarícano, legal adviser for WBC middleweight champion Miguel Cotto, has denied a recent report by the World Boxing Council - which claimed that a fight between Cotto and Saul "Canelo" Alvarez was finalized for November 21st in Las Vegas.

Peñagarícano, who confirmed the fight will take place on a November date in Las Vegas, denied the WBC's claim that November 21 was set down. His statements echoed a recent report on BoxingScene.com, where Canelo's promoter Oscar De La Hoya said an agreement was "very close."

Both sides expect a deal to get done, with an official announcement, before the month is out.  The fight will take place at the MGM Grand or the Thomas & Mack Center. The venue depends on the exact date being finalized.'

"Everything is still very good and positive," said Peñagarícano to El Vocero. "We are 90 percent there. We are still not clear if it will be on that date (November 21), but will know quite possibly this month. The important thing is that everything has gone well and I understand that soon there will be an agreement finalized. And yes, from what I understand the fight will be in November. This is a big fight in which there are many details and aspects in the agreement."

On thing is for sure, the two fighters will battle at 155-pounds.