The match up was first reported by MMA-in-Asia.
Faber and Edgar were at one point considered the best fighters at 145 and 155 lbs, and have since established themselves as top contenders after dropping down a division each.
After cleaning up most of the top 15 and having his teammate as champion, looking for interesting super fights made sense at this point in Faber's career. After 5 years away, he will now return to the division as he takes on the #1 ranked featherweight in Edgar.
In 2014, The California Kid also spent time touring the Philippines as he did numerous open workouts and media appearances in the country.
Sources close to the situation have also informed BloodyElbow.com that the headliner will be officially announced Thursday morning in Manila. More bouts are expected to be finalized and revealed in the coming days as well.