With the clock edging nearer until next Tuesday’s negotiation deadline, Canelo Alvarez has vacated his WBC World Middleweight Title.

Despite relinquishing the Title, the flame haired Mexican has revealed in a statement that he still wishes to pursue a fight with the Kazakh KO King: “After much consideration, today, I instructed my team at Golden Boy Promotions to continue negotiating a fight with Gennady Golovkin and to finalize a deal as quickly as possible. I also informed the WBC that I will vacate its title.”

Canelo

The WBC enforced a 24 May deadline before purse bids were called, but fresh from his emphatic victory over Amir Khan, Canelo is not being rushed with the deadline looming.

“For the entirety of my career, I have taken the fights that no one wanted because I fear no man. Never has that been more true than today. I will fight GGG, and I will beat GGG but I will not be forced into the ring by artificial deadlines,” explained the 25 year old.

It remains to be seen if the latest developments will jeopardise or clear the path for the potential fight, but without a World Title bargaining chip for team Canelo, this surely throws up some complications in the split discussions.

“I am hopeful that by putting aside this ticking clock, the two teams can now negotiate this fight, and GGG and I can get in the ring as soon as possible and give the fans the fight they want to see,” concluded Canelo.

Promoter Oscar De La Hoya added: “He is eager to get in the ring with GGG to show the world that he is also the best pound for pound fighter in the sport, but we won't negotiate under a forced deadline.”

Golovkin has been elevated from his interim WBC World Champion status to full World Champion.

“Now that the WBC title is off the table, I am hopeful that GGG and his promoter K2 Promotions will come to the table in good faith and get this deal done,” revealed the Golden Boy.