Sources have stated that a welterweight matchup between Johny Hendricks and Paulo Thiago is in the works for UFC on Versus 3.

Also according to the sources close to the fighters, verbal agreements have been made and contracts will be signed shortly.

Rumor has it that this bout will replace the Matt Brown vs. Matt Riddle bout, since Riddle was forced out after injuring his right hand.

The event is scheduled to take place on March 3rd at the KFC Yum! Center in Louisville, Kentucky.

Source: MMA Junkie