According to UFC President Dana White, his planned collaboration with Floyd Mayweather Jr. will involve the boxer competing in the ring. White had previously stated that he intends to come together with Mayweather for some type of event in October or November of next year.

Last month, the former five division world champion took to social media to announce that he's coming out of retirement in 2020.

Mayweather retired from the sport back in 2017, after stopping UFC superstar Conor McGregor in a mega-bout that generated over 4 million buys on pay-per-view.

Mayweather, 42-years-old, appeared in the ring on New Year's Eve, when he traveled to Japan to take part in an exhibition bout where he demolished Japanese kickboxer Tenshin Nasukawa in a round.

A few weeks ago, former pound-for-pound king was recently courtside at an NBA game with White, and claimed that something big was coming in 2020. At one point, Mayweather was baiting the idea of facing UFC star Khabib Nurmagomedov in another cross-sport boxing match.

"Dana White and I are working together again to bring the world another spectacular event in 2020," Mayweather said on social media last month.

Mayweather has not taken part in a boxing match, with an actual boxer, since his September 2015 twelve round decision win over Andre Berto. Mayweather will turn 43 in February.

White, who intends to enter the boxing market with his planned promotional company Zuffa Boxing, did not reveal the exact plans that he has in store with Mayweather.

But he intends to sit down with boxer's longtime adviser, Al Haymon, in the next few months.

“[Me and Floyd] both started talking. The easiest way to explain it to you is Floyd and I both feel that we add value to each other,” White said to ESPN.

“We’re going to figure something out. Some things have to play out and then I’m going to start talking to Haymon. Maybe this summer and then I’ll have something for Floyd in the fall.”

While White's past statements were not very informative, he clarified that Mayweather's return to actual competition, in boxing or UFC, is part of the plan.

“Compete. The money is in Floyd competing,” White said. “We’ll see [about fighting Floyd in the UFC]. We’ll see where. We can do crossover stuff here or we could do something in boxing.”