The 32 year-old, undefeated in 20 contests, will aim to build on victories against Isaac Chilemba and Robert Berridge over the past year when battling former world champion Bute on February 24 in Quebec.
Promoter Yvon Michel confirmed the news to WBN this week, which adds to Alvarez’s warm up opposite Norbert Dabrowski in Montreal this weekend and a future shot at WBC title holder Adonis Stevenson.
“The fight is done between Eleider Alvarez and Lucian Bute for February 24,” Michel told World Boxing News.
“Alvarez is still the mandatory contender for Adonis Stevenson and the fight is forecast for April,” he added.
Alvarez is considered a danger to Stevenson’s reign as ruler with the World Boxing Council in what will be another massive fight for Canada on the back of the Bute encounter in early 2017.
Stevenson’s reign goes way back to a crushing win against Chad Dawson in June of 2013 and ‘Superman’ already has seven defences under his belt.
The eventual winner of Stevenson v Alvarez will be in with a huge chance of facing the victor of the Andre Ward v Sergey Kovalev rematch next spring, although Bute will aim to put a spanner in the works of those plans on February 24.