It appears that Lyoto Machida will not be getting his rematch with Jon Jones. Instead, the former champion will face Phil Davis at UFC 163 on August 3rd in Rio de Janeiro, Brazil. Portal do Vale Tudo made the initial report earlier today, but UFC officials have not formally announced it.
Machida (19-3) fought Jones at UFC 140 and ended up unconscious on the mat after not tapping out to a standing guillotine choke. "The Dragon" easily knocked out Ryan Bader in his next fight and was lined up to face Dan Henderson in the magical "number one contender" fight at UFC 157. Machida won by split decision in what was otherwise not an action-packed affair. Dana White said that the winner of Machida/Hendo would get the next title shot, but that doesn't look to be the case.
Davis (11-1, 1 NC) was on the brink of a title shot when he lost to Rashad Evans at UFC on Fox 2 in January of last year. After a two fight series with Wagner Prado, Davis took on Vinny Magalhaes at UFC 159, using his striking to win a unanimous decision.
If this report is accurate then it should just about confirm that Jones will be defending his title next against Alexander Gustafsson at a date TBD.
UPDATE AT 3:20 PM ET: MMA Weekly has confirmed the PVT report.