Canelo Alvarez to Defend Title Against Amir Khan in May

Amir Khan and Canelo Alvarez

Following a decision victory in his hyped bout with Miguel Cotto, middleweight champ Canelo Alvarez has his next opponent: Amir Khan.

Their two camps finalized a deal Tuesday to fight for Canelo's title on May 7, Golden Boy Promotions announced.

The fight will headline an HBO PPV card, which will likely take place at the new 20,000-seat T-Mobile Arena, which opens in April just off the Strip in Las Vegas, reports ESPN.

"As the middleweight champion of the world, I will take on the best fighters in the sport, and on Cinco de Mayo weekend, I look forward to making the first defense of my titles," Alvarez said. "Amir was a decorated amateur, a two-time world champion and is in the prime of his career. Fans are in for a great fight on May 7."

Alvarez won the middleweight world title, via unanimous decision, in a fight against Miguel Cotto on Nov. 21. It generated 900,000 buys, second-most of the year behind the record-breaking 4.6 million sold by the Floyd Mayweather-Manny Pacquiao mega fight on May 2.