Former UFC lightweight champion Eddie Alvarez is very close to signing a multi-fight deal with ONE Championship according to a report from ESPN’s Ariel Helwani.

Helwani took to Twitter where he shared the following information on Eddie Alvarez’s potential move.

Free agent Eddie Alvarez is very close to agreeing to a new multi-fight contract with ONE Championship, multiple sources told ESPN. This would be the biggest FA signing in ONE history.

— Ariel Helwani (@arielhelwani) October 13, 2018

“Free agent Eddie Alvarez is very close to agreeing to a new multi-fight contract with ONE Championship, multiple sources told ESPN. This would be the biggest FA signing in ONE history.” – Ariel Helwani

Alvarez’s talks with ONE were first reported by @TarsoDoria last month. https://t.co/m35oQjOeJE

— Ariel Helwani (@arielhelwani) October 13, 2018

“Alvarez’s talks with ONE were first reported by @TarsoDoria last month.” – Ariel Helwani

Eddie Alvarez (29-6 MMA) has put together one of the most impressive resumes in the history of mixed martial arts.

“The Underground King” has won championships in MFC, Bodog, Bellator and most recently in the UFC over his illustrious career.

Eddie Alvarez has gone 4-2 over his past six fights, his latest being a second-round TKO loss to Dustin Poirier at July’s UFC on FOX 30 event in Calgary.

Prior to that setback, Eddie Alvarez was coming off an amazing third-round knockout win over Justin Gaethje which occurred at UFC 218 in Detroit.

ONE Championships Chatri Sityodtong hinted at the major signing just hours before Ariel Helwani’s report.

https://twitter.com/YODCHATRI/status/1051116251735515138

“I’m about to announce one of the biggest athlete signings in history for ONE Championship. Any guesses? 🔥🔥🔥 #WeAreONE” – Chatri Sityodtong

Are you surprised that Eddie Alvarez is likely taking his talents overseas to compete under the ONE Championship banner? Share your thoughts in the comments section PENN Nation!