Derevyanchenko would go on to fight Daniel Jacobs for the vacant IBF title past year with Jacobs winning by split decision.
Golovkin is returning to Madison Square Garden, the scene of six knockout victories, and intends to start a new reign as world champion with an explosive victory.
The IBF gave the sides until September 4 to make a deal, or it would order a purse bid, but they needed to get the deal done before that to have the fight on October 5, the date DAZN wanted it and a date that Madison Square Garden was available. The IBF stripped him of it after Alvarez and Derevyanchenko, the mandatory challenger, failed to set up a title defense.
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The 38-year-old Golovkin first won the IBF middleweight title in 2015 at Madison Square Garden when he stopped David Lemieux in the eighth round.
"They call it the Big Drama Show", he says, "and that's exactly what the fans will enjoy at MSG on October 5, live on DAZN". Although the 13-1 Derevyanchenko isn't as well regarded as Canelo, who the 39-1-1 Golovkin fought in two highly controversial bouts, Derevyanchenko isn't seen as an opponent to be regarded lightly, either. "Gennadiy has a chance to regain his World Middleweight crown and Sergiy will bring the fire - the styles should gel brilliantly for a brutal battle. We look forward to a fantastic event with a stacked card at the iconic Mecca of boxing". With the belt stripped from Golovkin, Derevyanchenko met Daniel Jacobs for the vacant title last October but lost a split decision. Jacobs went on to lose the belt to Alvarez in May, and Derevyanchenko earned another mandatory shot at it when he rebounded from the loss to Jacobs to outpoint Jack Culcay in a world title eliminator on April 13. The IBF ordered that they make a deal by September 4 or a purse bid would be ordered. "Sergiy came very close to fulfilling his dream a year ago, and I truly believe that his time is now against GGG, one of the best middleweights of this era". "I can't wait to enter the ring". Unlike Golovkin's team, Golden Boy actually tried to put together a fight between Canelo and Derevyanchenko.