Everyone in the MMA world had assumed that Eddie Alvarez would be next to join the UFC when his contract expired, just as recent former Bellator champion Hector Lombard had. Maybe the performance that Lombard displayed in his octagon debut has soured the UFC on Bellator champions, because they have yet to offer Alvarez a contract. Originally, Bellator had an exclusive negotiation period, but they waved that right to allow Alvarez to be able to search his other options faster. While none of the claims have been confirmed since most of the information is coming from Bellator President Bjorn Rebney and not from Alvarez himself.
Clearly the UFC could be dealing with Alvarez directly, but with the match period still in effect Bellator is allowed to match any offer any company gives to try and keep Alvarez. In fact, Alvarez has said that he may not want to leave Bellator, but that he would be doing himself a disservice if he did not see what other options are out in the MMA world.
Even though Alvarez is not the champion of the lightweight division in Bellator anymore since he lost to Michael Chandler after a fight of the year performance, he has not lost any of his viability as a contender. Alvarez has rebounded nicely with consecutive first round knockouts over top lightweights outside the UFC, Shinya Aoki and Patricky Freire. With his record standing at 24-3, one of which came at welterweight, and having avenged another, as well as finishing all but three of his wins- Alvarez is clearly an exciting fighter. That may be what the UFC lightweight title picture need since there has been six consecutive decisions in title fight. The lightweight title has not been defended or claimed by anything other since back in 2009 when BJ Penn finished Diego Sanchez in the fifth round. I guess fans should start harassing Dana White on Twitter if they want to see Alvarez in the octagon anytime soon.