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Conor McGregor is to fight Rafael dos Anjos for the UFC lightweight title on March 5 at UFC 197 at the MGM Grand Garden Arena in Las Vegas.
McGregor was crowned UFC featherweight champion last month when he defeated Jose Aldo at UFC 194, securing a 13-second KO victory at the MGM Grand.
A rematch against Aldo or a featherweight defence against Frankie Edgar were both options for the Irishman but instead he will step up a weight division by fighting Dos Anjos. A win for McGregor would see him become just the third man to hold UFC titles in two different divisions and the first to hold two UFC titles at the same time.
“FINALLY! I felt like Joey in Friends with all these secrets. Time to make history,” McGregor’s coach John Kavanagh tweeted.
McGregor subsequently released a statement, which read: "Mr McGregor would like to thank the fans and the media for their patience in this decision.
"Mr McGregor was still busy counting the take from his last fight.
"He has chosen to dedicate this demolition job to the loyal people of Brazil and all the fans around the globe who stay true to their roots and loyal to their land.
"Mr. McGregor has said that Rafael is a traitor to his people and vows to behead the American Gringo' Rafael Dos Anjos, in the name of La Brasilia!"
"Viva la Brasil!
"See you all in Las Vegas, March 5th!"
UFC 197 will also feature Holly Holm against Miesha Tate for the women's bantamweight title.
Holm shocked Ronda Rousey at UFC 193 and with a rematch yet to be arranged she will now take on Tate at UFC 197.
UFC 197 will be live on BT Sport, which is available to Republic of Ireland subscribers as part of the Setanta Sports Pack.