Former UFC Lightweight and Welterweight champion B.J. Penn is apparently not interested in facing long-time Welterweight contender Josh Koscheck in the Octagon anytime soon. Bloody Elbow reported earlier today that Koscheck tweeted he had accepted an offer from the UFC to face Penn and was awaiting the mercurial Hawaiian's answer.

Well he won't have to wait anymore. Penn took to Twitter himself:

@joshkoscheck I know it costs a lot of money to live that lavish lifestyle, big house, fast cars & you need big fights but sorry I'm not coming back anytime soon!

Penn last fought at UFC 137 in October 2011 against Nick Diaz, dropping a unanimous decision. Previously he fought Jon Fitch to a majority draw at UFC 127 in February of last year.

Penn held the Lightweight title until losing it to Frankie Edgar at UFC 112. He rematched Edgar at UFC 118 and lost another decision before moving up to Welterweight for his last 3 fights.