UFC president Dana White told ESPN on Monday that the 135-pound championship fight will headline UFC 250 on May 9 in Sao Paulo. Additional sources confirmed that both sides have agreed to the bout.
Cejudo (15-2) has been publicly demanding a fight with Aldo since Aldo's last fight in December. Aldo actually lost that bout to former title challenger Marlon Moraes via split decision, although some observers, including White, expressed the opinion that Aldo should have won.
Cejudo, 33, relinquished his 125-pound title late last year in order to focus on the 135-pound division. In addition to being a two-division UFC champion, he is a U.S. Olympic gold medalist in wrestling.
Aldo (28-6) is the longest-reigning UFC champion in featherweight history, although he has not held a title since he surrendered the 145-pound crown to Max Holloway in 2017. Aldo's most recent appearance at bantamweight was his debut in the weight class following a long run at 145 pounds.
The UFC 250 pay-per-view event will take place at Ginasio do Ibirapuera.