Ariel Helwani of MMAFighting.com is reporting that the heavyweight title bout between Brock Lesnar and Cain Velasquez has been signed for UFC 121 on Oct. 23 from Honda Center in Anaheim, Calif.

UFC president Dana White confirmed with MMA Fighting Friday night that the heavyweight title fight will take place at the yet-to-be officially announced event, scheduled for Oct. 23 at the Honda Center in Anaheim, Calif.

Lesnar (5-1 overall, 4-1 UFC) is coming off a second round submission win against Shane Carwin. Velasquez earned his shot at the title by beating former PRIDE heavyweight and UFC interim heavyweight champion Antonio Rodrigo Nogueira by first round TKO at UFC 110 in February. Velasquez (8-0 overall, 6-0 UFC) has finished seven of his eight opponents by TKO. His lone decision was against Cheick Kongo at UFC 99.