According to PR News Paper...Canelo ducked a Rematch

...El Nuevo Dia, claims that Cotto's team contacted Canelo's team for a rematch and they turned it down. Canelo's team know what is up and what happened during the 1st fight and ducked King Cotto for the rematch. Su primera movida fue buscar una revancha con Saúl “Canelo” Álvarez (45-1-1, 32 nocauts), quien lo venció por decisión unánime el pasado 21 de noviembre en el Mandalay Bay de Las Vegas, Nevada. Oscar De La Hoya, promotor de Álvarez, rechazó de inmediato una posible revancha inmediata y acordó una pelea del tapatío con Amir Khan (31-3, 19 nocauts). "Google Translate" Version: His first move (Cotto's) was to seek a rematch with Saul "Canelo " Alvarez ( 01/01/45 , 32 KOs) , who won by unanimous decision last Nov. 21 at Mandalay Bay in Las Vegas , Nevada.... Oscar De La Hoya , Alvarez's promoter , immediately rejected a possible immediate rematch and agreed to a fight with Amir Khan ( 31-3 , 19 KOs ) . Comment. Source: http://www.elnuevodia.com/deportes/boxeo/nota/miguelcottobuscaynoencuentrarival-2184634/