The lightweight division is finally back up for grabs. The number three contender in the division, Charles Oliveira, will be taking on the number four lightweight contender, newcomer Michael Chandler, for the lightweight belt that was recently vacated by UFC legend Khabib Nurmagomedov, UFC president Dana White told ESPN last week. The title fight will go down on May 15th as the main event at UFC 262, though the location and whether or not there will be fans attending are decisions that have yet to be made. “Khabib is retired and doesn’t want to hold the division up. Tonight was our final meeting and he is retired,” White told ESPN via text. Nurmagomedov is considered to be among the greatest UFC fighters of all-time, irregardless of weight class. He amassed an unblemished 29-0 professional MMA record over a 12 year career, including a 13-0 mark in the UFC. The native of Dagestan, Russia first claimed the lightweight title in 2018 before going on to defend his belt thrice: first with a neck crank of Conor McGregor in the fourth round, then with a third round rear naked choke of Dustin Poirier, and finally a triangle choke on Justin Gaethje in the second round to finish off what was undoubtedly a hall of fame career. Betting sites and betting apps are already offering odds for the Oliveira versus Chandler title fight on May 15th, with Oliveira coming in as a strong -164 odds favorite on Betway and Chandler offering +130 odds as the underdog. Don’t forget to check Betway or your favorite sportsbook for betting promotions and deals during the lead up to the fight. Oliveira comes in on an eight-fight win streak that stretches all the way back to June of 2018, most recently putting up a dominant performance in a three-round decision against Tony Ferguson this past December. The Brazilian had finished his last seven opponents before El Cucuy went the distance with him, counting submission victories over Clay Guida and Kevin Lee during that span. Entering the octagon against Oliveira will be the hottest new addition to the UFC roster over the past few years, ‘Iron’ Michael Chandler. Chandler made his UFC debut at UFC 257 a couple of months ago in January, bursting onto the scene after knocking out Dan Hooker in just two and a half minutes. Hooker is no slouch and was surely expecting to dominate the new kid on the block, but Chandler proved that was not to be, capping off the impressive performance with a backflip off the top of the cage. It was widely expected that Poirier, the number one contender in the lightweight division, would take on Gaethje, who’s number two, but it seems Poirier is more keen on a trilogy fight with McGregor than a title shot at this point. Chandler enters this fight with a 22-5 overall MMA record, having gone 21-5 before signing with the UFC last year. The 34-year-old brawler had won nine of his last 11 bouts with his previous promotion, Bellator, before making the switch over to the big leagues.