Alvarez has been offered a two-fight deal by Eddie Hearn and Matchroom Boxing which includes a light-heavyweight title clash with Dmitry Bivol and an illustrious trilogy with Golovkin
The Mexican star is currently a promotional free agent after defeating Caleb Plant in an undisputed super-middleweight clash which was staged by PBC and broadcaster Showtime.
He has been challenged by several stars including unified light-heavyweight champion Artur Beterbiev and 168lb champion David Benavidez.
It has been reported by ESPN that Alvarez has now been presented with an official offer from Hearn and Matchroom Boxing that will begin with a meeting with Russian star Bivol before an illustrious third showdown with Golovkin.
An alternative one-fight deal has been presented by PBC and Showtime after their recent success working together for a defence of his belts against middleweight champion Jermall Charlo.
The Mexican star is pondering both offers with his team and is yet to decide on his future.
His preference is to maintain his planned date and fight on the traditional Cinco De Mayo weekend followed by Mexican Independence weekend in September.
Alvarez had initially planned to move up to cruiserweight and challenge WBC titleholder Ilunga Makabu, with the pair facing off at the WBC convention last November.
But Makabu is now defending his belt against Thabiso Mchunu on Saturday night as Alvarez will pursue other possibilities.
Undefeated standout Bivol has held the WBA light heavyweight title since 2017 and has since defended the belt seven times.
The 31-year-old has outpointed the likes of former British champion Craig Richards and disgraced Jean Pascal since becoming a world champion.
If Alvarez is to accept Hearn’s deal and get past Pivol, he will set up a third fight with Golovkin over three years after outpointing him in their rematch.
Who would win in a trilogy between Canelo Alvarez and Gennady Golovkin? Let us know in the comments section below
The middleweight champions fought to a split draw in 2017, with judge Adelaide Byrd being heavily criticised for her 118-110 scorecard in favour of Alvarez.
Golovkin’s coach Abel Sanchez would later state that Byrd had filled out her scorecard before the fight even started.
Alvarez handed Golovkin the first loss of his career by winning a majority decision a year later, a result that was again heavily disputed by fans.
Since their rematch, Alvarez has won seven consecutive fights whilst Golovkin has only fought three times.
‘Triple G’ was expected to defend his middleweight belts against Ryoto Murata last December, but the first has been postponed due to Covid-19 restrictions in Japan.