Former junior middleweight champion Saul “Canelo” Alvarez, who has fought on Showtime since September 2012, has signed “a long-term commitment with HBO,” Golden Boy Promotions President Oscar De La Hoya and HBO Sports president Ken Hershman announced on Tuesday.

“I’m thrilled to be part of this historic agreement between Canelo ├ülvarez and HBO Sports, an agreement that marks another major step in Golden Boy Promotions’ primary goal-to give boxing fans the fights they want to see,” said De La Hoya. “Canelo is the best young fighter in the sport, and this move will help line him up to fight top opponents in the sport for many years to come.”

The formal decision will be made during a press conference at Golden Boy Promotions headquarters in Los Angeles to be attended by Alvarez, Hershman and De La Hoya on Tuesday morning, according to a release.

“For all of my career, I have wanted to fight on HBO for one main reason-I believe it will allow more of my fans to see me in action,” said Alvarez. “Today marks a huge milestone for me, and I look forward to a long and successful partnership with HBO.”

It was back in March 2013 when HBO announced that it had officially severed ties with Golden Boy.

“In order to achieve our goal of the best fighters in the most compelling matchups,” read an official statement from Hershman, which did not directly mention Golden Boy. “We’ve decided to focus our efforts and resources on those strategic relationships where we better share common goals and business philosophies.”

Hershman, however, has changed his mind.

“Everyone at HBO is excited to welcome back Canelo ├ülvarez to the HBO family, and we can’t wait to re-introduce him to our subscribers,” said Hershman. “At only 24-years-old, Canelo has already established himself as one of the boxing world’s brightest stars, and we look forward to a long and mutually beneficial relationship as we embark on this new chapter together. We are delighted to partner with Oscar de la Hoya and Golden Boy Promotions in presenting Canelo’s fights and events on our various platforms.”

On Sept. 11, De La Hoya met with Top Rank Promotions CEO Bob Arum to discuss, among other things, a potential bout between Alvarez and RING middleweight champion Miguel Cotto.

“It’s great. Now that they’re on the same network,” said Arum, during a Tuesday interview with RingTV.com. “That makes the possibility of a Canelo-Cotto fight next year that much greater.”

Although, reportedly, nothing was set in stone with regard to Alvarez’s next fight, De La Hoya said it will be in December, possibly Dec. 6. Reports have surfaced that Alvarez’s likely opponent could be former titleholder Joshua Clottey of Ghana.

In his last fight in July on Showtime Pay Per View, the 24-year-old Alvarez (44-1-1, 31 knockouts) won a split decision victory over Erislandy Lara at 155 pounds at the MGM Grand Garden Arena in Las Vegas.

The victory over Lara represented Alvarez’s fifth consecutive fight on Showtime, starting with a fifth-round knockout of Josesito Lopez in September 2012. He then unanimously decisioned Austin Trout in April 2013, lost to Floyd Mayweather Jr. by majority decision in September 2013 and stopped Alfredo Angulo in the 10th round in March.

In June, Cotto dethroned Sergio Martinez in the 10th round for the RING and WBC championships to become Puerto Rico’s first four-division titlist.

During an interview with RingTV.com in July, De La Hoya said Cotto was an obvious target for Alvarez.

“‘Canelo’ wants to fight the very best and he’s going to continue to do so. Our options are wide-open. Obviously, Cotto’s on the list,” said De La Hoya of Alvarez.

“Canelo is hungry right now and he calls the shots. I’ll be sitting down with Canelo and we’ll be going over strategy on what Canelo wants. Canelo has all of the options out there. I’m opening the door for everyone.”

Note: Quotes from Alvarez, De La Hoya and Hershman provided by a release.