After holding the WEC welterweight title, Condit transitioned to the UFC and lost a close decision to Martin Kampmann, followed by a split decision win over Jake Ellenberger. Since then, Condit has moved himself into title contention with an impressive come-from-behind TKO over Rory MacDonald and a first round KO of Dan Hardy in the UFC 120 main event.
Lytle has also looked strong of late. Though his overall UFC record stands at 9-9, he’s won four fights in a row — most recently at UFC 119, avenging his loss to Matt Serra at The Ultimate Fighter 4 Finale — and picked up a slew of fight of the night and submission of the night bonuses along the way.
MMAJunkie.com recently reported that Condit was offered a fight at UFC 125 against top contender and former title challenger Jon Fitch, but he turned down the offer due to a lack of time to prepare.
(Story updated to reflect that the bout is now rumored for UFC 127, not UFC 126.)