MMA Weekly has confirmed this event:
The anticipated showdown between UFC lightweight champion B.J. Penn and number one contender Kenny Florian will finally take place. A blog post on Penn's official website stated that Florian has already signed his bout agreement and "as for B.J., we received the bout agreement (Friday) afternoon and plan on making this fight happen."
The post states the bout will headline UFC 101 on Aug. 8 in Philadelphia.
The bout will be Penn's first defense of his lightweight title since defeating Sean Sherk at UFC 84 in May of last year. It will also mark his first action in the Octagon since a loss to UFC welterweight champion Georges St. Pierre at UFC 94 in January, which has been mired in controversy over accusations of improper usage of Vaseline by St. Pierre's camp.
"I look forward to the challenge," Penn stated about the defense.
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