Alvarez won the title back in July when he knocked out former champion Rafael dos Anjos to claim UFC gold for the first time.
In the weeks after his championship win, Alvarez immediately targeted the winner of the UFC 202 main event between McGregor and Nate Diaz as his next opponent. McGregor ultimately got the job done with a majority decision victory over Diaz and speculation began almost immediately that he would face Alvarez for his next fight.
At this point, all roads seemingly lead to Alvarez and McGregor facing off on Nov. 12 (US time) at the historic card in Madison Square Garden, but there's still no word if this fight will actually happen or not.
Welterweight champion Tyron Woodley announced his title fight with Stephen "Wonderboy" Thompson last week and right now that's the only confirmed matchup for the New York City card.
Several other bouts, including a middleweight matchup between Chris Weidman and Yoel Romero have been rumoured for the show, but no contracts have been signed to make the fights official.