Amir Khan will aim to rebuild his faltering career against Ireland's Paul McClosky in December.
Back-to-back defeats against Lamont Peterson and Danny Garcia had put the 25 year old's carer in jeopardy.
But Khan will look to breathe new life into his career against McClosky this winter, whom he beat in Manchester in April 2011.
"Both parties are serious. The dates being mentioned are 8 or 15 December in Manchester," Francie McNicholl, McCloskey's manager, told the BBC.
"If we are looking at either of the December dates, we need to get the fight finalised in the next two weeks because Paul will need a [training] camp of at least eight weeks. I would expect that something will be decided in the next week."
Since the technical knockout defeat to the Brit, the 33 year old McClosky has beaten Breidis Prescott, a former conqueror of Khan but lost to American DeMarcus Corley.
But a fluent performance against Manuel Perez has thrust the Irishman back into the limelight and he looks set for a big date against Khan, the 2004 Olympic silver medallist.
Having split from coach Freddie Roach, Khan is expected to link up with Virgil Hunter in a full time capacity in time for the fight.
Following a controversial defeat to Peterson in December 2011, Khan was left battered and bruised by Garcia in Las Vegas, after a fourth round stoppage called into question his status at the top of the welterweight division.
The Bolton-born boxer quickly ruled out retirement from the sport, and promised to return to the sort of form which had seen him claim the WBA and IBF Light welterweight titles.
The pair contested a sterile encounter last year, with Khan being handed the win after an accidental sixth round clash with McClosky, with the fight being subsequently stopped.
However, the damage inflicted on McClosky was disputed by his camp as not being sufficient to see the fight call off, leading to bad blood between the two ahead of December's rematch.
Meanwhile, James DeGale will defend his European super-middleweight crown against Hadillah Mohourmadi next month.
Having left Frank Warren's stable for Mick Hennessy's Hennessy Sports group, the Beijing Olympic champion returns to action against the twice-defeated French super-middleweight champion at Bluewater in October.