Sources: Canelo Alvarez and PBC have severed their working relationship by mutual agreement

Boxing star Canelo Alvarez and the premier boxing champions have agreed to part ways, leaving two fights remaining in a three-way deal signed in June.

Canelo Alvarez, major boxing star, and Excellent boxing champions The sources said that the two parties agreed to separate espnleaving two fights pending in a three-fight agreement signed in June.

Alvarez, the No. 5 boxer in the weight class espnDefeated Jermell Charlo by unanimous decision in September to retain the undisputed super middleweight championship. This was the first fight of PBC's partnership with Alvarez.

The agreement requires the Mexican icon to fight Charlo's twin brother, Jermall, on May 4. However, sources said Canelo and PBC were unable to agree on terms for a showdown with Charlo in this weekend's Puebla fight in Mexico, allowing Alvarez to explore other options contractually for the future.

The third fight of the deal was scheduled to take place against a mutually selected opponent, according to sources.

The Alvarez vs. Jermall Charlo matchup would have struggled to create the type of action Canelo is accustomed to. After all, Jermell had a lukewarm performance against Alvarez and never threatened to win the fight, ending any brotherly revenge angle.

Jermall himself didn't help either. In November, he failed to sway against him Jose Benavidez Jr, normal welter weight. The fight was Charlo's first in 29 months as he dealt with personal issues.

It's a big deal every time Alvarez fights, but there's little commercial demand for a showdown with another Charlo. Jermell Charlo also did not appear in his brother's comeback fight because Jermall said the relationship was broken.

Now, Alvarez (60-2-2, 39 KO) will look for a new opponent and promotional partner from May 4 onwards. boss Edgar Berlanga, Keith ConnollyTell espn On Sunday he held preliminary talks with him Eddie Hearn About a possible Canelo-Berlanga fight in 2024.

Connolly said Berlanga would be ready to fight Canelo on May 4 after winning by sixth-round technical knockout last night. Padraig McCrory In Orlando, Florida.

Another option for Alvarez is his fellow Mexican Jaime MunguiaWho achieved the best victory in his career last month by knockout John Ryder In the ninth round. Alvarez could end up fighting Berlaga in May and Munguia in September.

There is a huge public demand for Alvarez to fight him David Benavidezwhich is in the Program and Budget Committee, or even against Terence CrawfordBut so far Canelo has shown no interest. In any case, his legacy is secure.

The all-time great's resume includes a pair of victories Gennady Golovkin And titles in five weight classes.

The 33-year-old's win over Charlo was preceded by a decisive victory over Ryder in May in Mexico. Alvarez scored knockouts in both fights.

Team PBC is headed by the star boxer Gervonta Daviswho will return against Frank Martin this summer. PBC's first event with Amazon Prime Video will take place on March 30 in Las Vegas, a PPV headlined by Rising Star Tim Tszyu against Keith Thurman.

Crawford signed a one-fight deal with PBC to face off Errol Spence Last July, after Bud won the undisputed welterweight championship, Spence exercised his rematch clause.

However, Spence underwent cataract surgery in January and the scheduling period provided by the rematch clause has since expired, meaning Crawford, like Canelo, is also a net worth free agent.