After reports that a long-discussed bout between Saul "Canelo" Alvarez and Terence Crawford was inching toward being finalized, a new report from The Ring Magazine claims that those negotiations have fallen apart.

Alvarez vs. Crawford was to take place in September at Las Vegas' Allegiant Stadium on a show organized by Riyadh Season, the entity operated by Alalshikh and Saudi Arabia's General Entertainment Authority. Ring Magazine reported Wednesday night that the fight is now off. No further specifics were given.

Canelo Alvarez and Terence Crawford are on the verge on completing a deal for a megafight later this year. Alvarez and Crawford have an agreement in place for a super middleweight bout this September,