Bellator CEO Bjorn Rebney seems to think so:

"There aren’t promotional issues. There aren’t any barriers. There aren’t any hurdles... What television network is it going to be on? We’ll do it on Showtime. Where will the fight happen? Well, let’s do it in San Jose. The answers to the questions are very simple. There’s no reason that fight shouldn’t happen but for the fact that the promoter of Gilbert Melendez doesn’t want it to occur."

So does the Bellator Lightweight Champion:

"Scott Coker doesn’t want it to happen. He’s trying to obviously protect his champion. I guess he has every right to. He has a business to run. Whatever... I want to be number one in the world, and the only way to do that is to fight people like Gilbert [Melendez]. If we can get our hands on him and the contracts work out, then that’s what we’ll do. Until then, it’s just talk. The paper’s gotta be signed. Let’s make it happen."

Well, things started off playful and nice, but now the Bellator boys (via Bloody Elbow) sound like they're past the talking stage of these negotiations. Strikeforce CEO Scott Coker recently entertained the possibility of bringing the 155-pound champions (and consensus top five ranked lightweights) into a superfight under a co-promotion agreement. Of course there exists several obstacles when two promotions come together but if Coker can make it work with M-1, they can likely make it work with anyone -- and for probably a fraction of the price. Rebney has already conceded venue and network. What say you now, Mr. Coker?