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Gennady Golovkin vs. Canelo Alvarez rematch close to being finalized

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We could soon have an official announcement for a rematch between middleweight champion Gennady Golovkin and Canelo Alvarez.

Boxing: Canelo vs Golovkin Joe Camporeale-USA TODAY Sports

This past September’s thrilling boxing match between Gennady Golovkin and Canelo Alvarez ended in an unsatisfying split draw, with Adalaide Byrd’s outrageous 118-110 Canelo scorecard causing massive uproar. The fight itself was a commercial success, pulling in the third-largest boxing gate of all-time at just over $27 million, along with an estimated 1.3 million pay-per-view buys.

If you were hoping for an immediate rematch to be booked, then you may just get your wish. ESPN’s Dan Rafael reported that a second go-round for these two middleweights is nearly a done deal. The promoters of Golovkin and Canelo both spoke to Rafael about the current situation.

"We're still in discussions and I talked to (Golden Boy Promotions president) Eric Gomez about 10 minutes ago trying to work out the deal. We are working on concessions on both sides," Golovkin promoter Tom Loeffler told ESPN on Tuesday. "It clearly makes the most sense to do it on May 5 and that's what we're focused on."

Eric Gomez said that they are “close” to finalizing the matchup, and that it’s possible that it happens by the end of this week.

The target date for GGG-Canelo 2 is May 5th, aka Cinco de Mayo. Las Vegas’ T-Mobile Arena hosted the first encounter, and would figure to be favorites again, but New York’s Madison Square Garden and AT&T Stadium in Texas are also in the running for the potential rematch.

"Madison Square Garden wants to make an offer that would be the biggest gate in New York history, and everybody knows the numbers from the first fight, when we achieved the third-biggest gate in boxing history," Loeffler said of the $27,059,850 generated from ticket sales. "If Texas or New York wants this fight they know what they're up against knowing what Las Vegas can generate."

Golovkin (37-0-1, 33 KOs) is the IBF, WBA, and WBC middleweight titleholder, so the draw counted as a successful title defense for the native of Kazakhstan. Mexico’s Alvarez (49-1-2, 34 KOs) vacated the WBC title to make a brief return to junior middleweight, but it appears as if middleweight is his long-term home.