2:38 PM ET

The UFC is working on a huge lightweight match-up betweenDustin and Michael.

The UFC will issue contracts to all parties on Tuesday, according to Hunter Campbell. The fight will be shown on a pay-per-view card.

One month later in December in Las Vegas, the 36-year-old wanted to fight the 21-year-old, who has been ready to fight for months. A new deal with the UFC was also agreed to by Chandler.

Dave Martin said that Michael was ready to put on a war at Madison Square Garden because he was happy with the new deal.

He intends to fight in New York. The former champion has been advertising the match up for a long time. He will be making his first appearance since he lost a lightweight title fight. Prior to that, he had beaten the Irishman twice.

Michael Chandler, right, is coming off a sensational knockout victory over Tony Ferguson via front kick at UFC 274 in May. Louis Grasse/PxImages/Icon Sportswire

He signed with the UFC last year. He has won over Dan Hooker and Tony Ferguson in the UFC. He lost a fight of the year candidate against Gaethje in Madison Square Garden as well as a lightweight title fight against Oliveira.

The Nos. 2 and 5 lightweights are both from Canada.

The title fight between Israel Adesanya and Alex Pereira will be the main event.