BJ Penn, Matt Hughes Agree To Third Bout At UFC 123

PHILADELPHIA - AUGUST 08:  (L-R) Lightweight champion BJ Penn battles Kenny Florian during their lightweight championship title bout at UFC 101: Declaration at the Wachovia Center on August 8, 2009 in Philadelphia, Pennsylvania.  (Photo by Jon Kopaloff/Getty Images)

From HeavyMMA.com:

Former UFC champions B.J. Penn and Matt Hughes have agreed to face off for the third time in a welterweight bout at UFC 123 in November.

CagePotato.com first reported the news on Monday evening.

UFC 123 takes place Nov. 20 at The Palace in Auburn Hills near Detroit. The event is headlined by a light heavyweight bout between former champions Rampage Jackson and Lyoto Machida. The Hughes/Penn bout is expected to assume the co-headlining role.

Hughes and Penn have a storied history together. The pair first faced off at UFC 46 in 2004, with the underdog Penn submitting Hughes to become the welterweight champion. Hughes got the better of Penn in the rematch at UFC 63, winning with a third-round TKO.

Penn recently dropped his second straight fight to Frankie Edgar for the lightweight title. Hughes, meanwhile, is riding a three-fight win streak, with victories over Matt Serra, Renzo Gracie and Ricardo Almeida.

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