Instead of throwing him back in the mix in the lightweight division, it appears the UFC has opted for a more nostalgic fight for BJ Penn this fall. According to various reports, Penn will meet Matt Hughes in a rubber match at UFC 123. CagePotato first reported the possibility earlier this evening, and MMA Fighting’s Ariel Helwani confirmed it.

Former UFC champions Matt Hughes and BJ Penn have agreed to fight for the third time, according to MMA Fighting’s Ariel Helwani, who learned of the fight from sources close to the fight. The bout, which will take place at welterweight, will be at UFC 123 at The Palace in the Detroit suburb of Auburn Hills, Mich.

Hughes also posted at his official website that he and UFC president Dana White had discussed him fighting on the card, though he made no mention of an opponent.

That’s about all the information that’s out there on this fight at the moment. I’m not sure if this means Penn will stick around 170 lbs. for awhile or if it’s merely a one-time deal to give the UFC a star powered co-main event behind Rampage Jackson vs. Lyoto Machida. Also no word on what the UFC had to do to convince Matt Hughes to fight during hunting season. After beating Ricardo Almeida at UFC 117, Hughes said he wasn’t returning to action until next year.