It looks like it’s finally happening.

UFC boss Dana White says he’s stripping lightweight champ Conor McGregor of the belt. This is so Khabib Nurmagomedov and Tony Ferguson can fight for a real belt at UFC 223.

If you’ll recall, McGregor tore through the featherweight division and put then-champ Jose Aldo away in 13 seconds. That feat, plus, you know, the fact that McGregor is a superstar, enabled the Irishman to challenge then-champ Eddie Alvarez for the lightweight title. You know what happened after that…

But McGregor sailed on to richer waters than what the UFC offered, taking on Floyd Mayweather in the boxing arena and becoming richer than King Midas.

Since then, Ferguson fought for – and won – the interim 155-pound belt, and now he and Nurmagomedov are going to do their thing.

Here’s White rapping with TMZ.

It’s official … Dana White tells TMZ Sports he’s definitely stripping Conor McGregor’s lightweight title, so Khabib and Tony Ferguson can fight for the “real” belt.

So, what does that mean for a possible Floyd Mayweather vs. Conor McGregor rematch?

Don’t worry … we talked about that, too.

“The only way a rematch makes sense in that fight is in the UFC,” White says. He also confirms the two sides are talking.

White says he doesn’t think Floyd needs the money — but if he’s serious about an MMA fight against one of the baddest combat sports athletes on the planet … “he absolutely should be worried about his skills.”

White insists there is NO deal done right now — but says, “Anything is possible.”

As for Khabib Nurmagomedov and Tony Ferguson … Dana says Conor understands that he must strip the belt so the two guys can fight for the title.

He hopes Conor returns to the octagon in August or Sept. to fight the winner of that match.

Then again, with the kind of money Conor made in his last fight … Dana says, “Conor might never come back.”