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Cotto-Alvarez weight set at 155; likely date Nov. 7 or Nov. 21

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Miguel Cotto-Canelo Alvarez is a classic Puerto Rico vs. Mexico fight, one of the best rivalries in boxing. AP Photo

The much-anticipated fight between middleweight champion Miguel Cotto and former unified junior middleweight titleholder Canelo Alvarez will take place this fall, although Cotto promoter Roc Nation Sports and Canelo promoter Golden Boy are still hashing out the particulars on the specific date and venue.

One matter is settled: The contract weight for the fight will be 155 pounds, five less than the middleweight limit of 160 and one over the junior middleweight limit of 154, both sides told ESPN.com. But this is not the sort of catch-weight fight anyone ought to get in a lather over. Neither fighter has any kind of advantage at that weight. In fact, it’s about as even as you could ask for in terms of the weight.

Alvarez (45-1-1, 32 KOs) has had his three previous fights -- wins over James Kirkland, Erislandy Lara and Alfredo Angulo -- contracted at 155 pounds.

Cotto (40-4, 33 KOs) weighed 155 pounds 13 months ago when he knocked out Sergio Martinez in the 10th round to win the middleweight championship, and he weighed 153½ pounds when he knocked out Daniel Geale in the fourth round in his first defense on June 6.

As for the when and where the fight will take place, it’s not set yet, but it is almost certain to take place in Las Vegas, although there has been interest from both big arenas in New York: Barclays Center and Madison Square Garden.

There are two leading dates for the fight: Nov. 7 and Nov. 21. If the fight, which will be on HBO pay-per-view, takes place Nov. 7, the MGM Grand will likely serve as the host. If the fight is on Nov. 21, it is likely the fight will take place at the renovated Thomas & Mack Center, with the Wynn Las Vegas serving as the host casino.