Undefeated champion Golovkin lost his IBF belt on Wednesday for his failure to fight mandatory challenger Sergiy Derevyanchenko.
Golovkin's promoter Tom Loeffler said that the ruling was a complete shock and it is far beyond what the Derevyanchenko side was asking for.
As for who will fight for the vacant title, Derevyanchenko would be one of the participants in the fight. Realistically, GGG didn't want to fight Derevyanchenko on short notice.
Gennady Golovkin wanted to protect in the second battle against Soulja Alvarez, but because of the positive doping samples of the opponent's match had to be cancelled.
The IBF agreed to Golovkin's request on the proviso he would agree to a bout with Derevyanchenko by 3 August.
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In a lengthy statement, the IBF said Golovkin had asked in April not to fight Derevyanchenko as he had already agreed a bout with Vanes Martirosyan for 5 May.
However, Loeffler said Golovkin is willing to drop his demands for an even split. I can't understand why the IBF stripped of the title Golovkin is a big surprise for all of us. Charlo also is the No. 4 ranked middleweight on the IBF's official rankings.
Whispers had been echoing of a potential clash with Britain's Billy Joe Saunders (claimant of the WBO middleweight title), but speculation must now surround whether Golovkin tries to win back his IBF hardware at the earliest opportunity.
"The IBF had to enforce the penalty under Rule 5H for Golovkin having participated in an unsanctioned contest within his weight class and declare the IBF Middleweight title vacant".
Although Golovkin's goal has always been to join Bernard Hopkins and Jermain Taylor as the only fighters in middleweight history to hold all four recognized titles at the same time, the timing of his mandated fight against the high-risk, low-reward Derevyanchenko clashed with his hopes of securing a September pay-per-view rematch with Alvarez.