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Alex Perez vs. Matt Schnell in the works for UFC event on May 15

A flyweight fight between former title contender Alex Perez and Matt Schnell is currently in the works for the upcoming UFC card expected to take place on May 15.

Multiple sources the bout to MMA Fighting on Sunday with verbal agreements in place from both athletes. MMA DNA initially reported the news.

Perez will be making his first appearance since falling short in his bid to become flyweight champion at UFC 255 in November 2020. Prior to that setback, Perez had earned three consecutive wins including a TKO victory against Jussier Formiga as well as a submission finish over Jordan Espinoza.