By Mark Gallagher

Canelo Alvarez and Gennadiy Golovkin will meet for a third time, probably later this year, ESPN is reporting.

A deal was finally completed under which Alvarez would face Billy Joe Saunders on May 2 with the stipulation that his next fight would be a third showdown with Golovkin, who would also have an interim fight first, according to sources.

But although the deal is done, it was never formally announced, as the sports world schedule began to come undone last week as the coronavirus pandemic caused one cancellation and postponement after another. The latest is Alvarez-Saunders, a postponement that has not been formally announced but is expected later this week, sources told ESPN.

The Alvarez-Saunders deal was really a two-fight amended agreement for Alvarez, Golden Boy Promotions and DAZN within the confines of Alvarez’s existing five-year, 11-fight, $365 million contract with DAZN, which insisted that Alvarez agree to a third fight with Golovkin before it would approve any opponent for his now-postponed bout on May 2 — the Cinco De Mayo weekend, one of Alvarez’s traditional dates — at T-Mobile Arena in Las Vegas.