Although a location and venue for the event has not been formally announced, the Ultimate Fighting Championship (UFC) is already starting to build their third FOX Sports 1 fight card with the addition of a big-time flyweight affair.
Brazilian news outlet SporTV Globo first reported the flyweight battle; however, UFC officials have yet to confirm the match up.
Benavidez (18-3), the world's No. 1 ranked contender, will look to win his third consecutive bout since failing to capture the title against current divisional kingpin Demetrious Johnson at UFC 152 in Sept. 2012.
Formiga (15-2), the world's No. 5 ranked contender, erased the memories of a horrible UFC debut by recording his first win inside the Octagon against Chris Cariaso at UFC on FX 8 last month.
The 28-year-old entered the UFC in Oct. 2012 as one of the top three ranked flyweight fighters in the world, but was stopped by John Dodson in highlight reel fashion in his first appearance inside the Octagon, which killed any hype he had going for him.
MMAmania.com will provide more details about the upcoming fight card as they become available.