UFC president Dana White confirmed late last night that BJ Penn and Jon Fitch have both verbally agreed to a rematch of their razor thin draw at UFC 127. 

The fight will likely headline or co-headline UFC 132, expected to take place in Las Vegas, NV, on July 2.

Their first fight at UFC 127 a few weeks ago, was originally slated as a welterweight title eliminator fight with the winner getting a shot at the winner of the upcoming championship scrap between current champion Georges St. Pierre and Jake Shields, however, after three rounds of action, judges were unable to determine a winner and the fight was ruled a majority draw.

Penn, who won the fights' first two rounds according to two of the judges scoring ringside, was battered in the third and spent almost the entire round with Fitch in his guard. But, the AKA product did enough damage in their eyes in the fights' final frame to warrent a 10-8 round for Fitch, making the fight a majority draw.

Both fighters expect to push hard to keep the fight out of the judges hands this time around.

Make sure to check back with us the day of the event for free, live, round-by-round coverage of UFC 132 right here at FiveKnuckles.com! Join expert analyst Mike Williams as he takes you through the entire fight card blow-by-blow and then keep it right here for all the post-fight news and notes you can handle!