A bout between two fellow countrymen and former UFC champions is headed toward the promotion’s next Brazilian outing.

While contracts have yet to be signed, Vitor Belfort (26-13 MMA, 15-10 UFC) and Lyoto Machida (23-8 MMA, 15-8 UFC) have verbally agreed to a UFC 224 meeting in Rio de Janeiro.

A person with knowledge of the situation confirmed the news to MMAjunkie today after reports by MMAFighting.com and Combate.com. The person requested anonymity because the UFC has yet to make the news public.

UFC 224 takes place May 12 at Jeunesse Arena in Rio de Janeiro. The main card will air on pay-per-view following prelims on FS1 and UFC Fight Pass.

The bout is the last in Belfort’s current UFC contract. “The Phenom” was supposed to have had his retirement fight in January at UFC Fight Night 124, but a health scare forced would-be opponent Uriah Hall out of the card at the last minute. Belfort comes off a unanimous decision over Nate Marquardt at UFC 212.

“The Dragon” Machida comes off a recovery-win of his own: a split decision over Eryk Anders in UFC Fight Night 125’s headliner earlier this month. The one-time middleweight title challenger, who also held the UFC’s 205-pound belt, had previously been riding the first three-fight skid of his MMA career.

The latest UFC 224 lineup now includes:

• Vitor Belfort vs. Lyoto Machida
• Nick Hein vs. Davi Ramos
• Ramazan Emeev vs. Alberto Mino
• Junior Albini vs. Aleksei Oliynyk

For more on UFC 224, visit the UFC Rumors section of the site.