Mauricio Sulaiman, President of the World Boxing Council, says it's possible that his sanctioning body would approve their Diamond belt for the recently finalized fight between Floyd Mayweather Jr. and UFC superstar Conor McGregor.

Mayweather vs. McGregor was finalized on Wednesday, as a twelve round boxing match at the junior middleweight limit of 154-pounds.

The Showtime Pay-Per-View event takes place on August 26th at the T-Mobile Arena in Las Vegas.