The 63 year-old, who last fought when beating Levi Billups in 1999, took the great Muhammad Ali the distance twice, once for the undisputed championship in 1975, and also shared the ring with greats like Earnie Shavers, Jimmy Ellis and Joe Frazier.
Born in Hungary, but fighting out of Australia, Bugner hung up his gloves in the midst of an undefeated streak prior to the millennium and will now make formal announcement at Surfers Paradise Hotel on Saturday for his next fight 15 years on, according to the Gold Coast Bulletin.
Bugner currently holds a record of 69-13-1 with 41 stoppages after making his debut way back in 1968, with this latest outing likely to be nothing more than an exhibition as more details emerge in the coming days.
A former Australian and Commonwealth title holder, Bugner also held the British and European from a 1976 victory over Richard Dunn – which he qualified to fight for due to his family links to the UK and Europe, and whether this latest comeback from a faded fighter is just a mere publicity stunt remains to be seen.
WBN will follow up the story when the press conference takes place at the end of the week.
Follow on Twitter @PhilDJay for tweets of upcoming news on WBN