Miguel Cotto may have finally found an opponent for 2016.

Cotto and former junior welterweight titleholder Lamont Peterson are far along in negotiations to meet on Dec. 3 at Barclays Center in Brooklyn, a source told RingTV.com. The source tempered his enthusiasm by saying nothing had been finalized but that things “looked good” for the two to reach a deal.

Cotto hasn’t fought since he lost a decision to Canelo Alvarez last November and has been trying to secure a fight this year, only for talks to be dashed for various reasons. Peterson has had the same fate in 2016 after winning a disputed majority decision against Felix Diaz last October. Peterson was in discussion to face Amir Khan and a number of others only for those talks to fall flat. Now, two fighters who have had trouble finding foes may turn to each other to solve their problem.

Andre Johnson, a spokesman for Peterson, declined comment to RingTV.com, other than to say he won’t confirm or deny the rumors of talks between Cotto and Peterson. Michael Yormark, president of Roc Nation, who promotes Cotto, wouldn’t reveal a possible opponent for Cotto either on Tuesday, other than to say he was trying to make Cotto’s next fight for Dec. 3 at Barclays Center, where his twin brother, Brett Yormark is the CEO of the venue. It’s unclear if the fight will be on HBO PPV or regular HBO.