By Rick Reeno

Multiple sources have advised BoxingScene.com that TMT Promotions, the company formed by rapper 50 Cent and five division world champion Floyd Mayweather Jr., have made attempts to sign Puerto Rican superstar Miguel Cotto.

Since turning pro in 2001, Cotto (37-3, 30KOs) was promoted for nearly his entire career by Top Rank. His promotional agreement with Top Rank expired on December 31, 2011. He returned to action on May 5th, as a free agent, and lost a spirited twelve round decision to Mayweather at the MGM Grand in Las Vegas.

In the last few weeks, TMT Promotions have signed super middleweight Andre Dirrell, Olympic gold medal winner Yuriorkis Gamboa, featherweight champion Celestino Caballero, super featherweight champion Billy Dibb, and have a working relationship with Zab Judah.

However, they won't be getting Cotto.

A source close to the situation advised BoxingScene that "there is absolutely no chance" that Cotto will sign a promotional agreement with TMT. The former three division world champion likes his position as a free agent, which gives him the ability to work with anyone, and Cotto doesn't see the necessity of being under a promotional agreement at this point in his career, said the source.

Cotto is scheduled to return on December 1 at New York's Madison Square Garden.