JAKE PAUL was on the verge of a sensational deal to fight Canelo Alvarez - but it was KO'd after a dramatic turn of events overnight.
Paul and his team - looking to match the commercial success of their event with Iron Mike - reached out to Canelo's camp for talks in December.
And while a verbal agreement for Canelo to face Jake Paul in his next fight was struck - nothing had been officially signed.
In the midst of talks with Paul's camp, Canelo was also looking to a September super-fight against unbeaten American Terence Crawford.
According to a social media post from Paul's promotional partner Nakisa Bidarian - Canelo's team initially suggested a 190lb catchweight contest.
