Nurmagomedov's last fight was held on April 7, defeating in the title fight American realtor al Iaquinta.
This battle should be the most anticipated event of the year and will be part of UFC 229.
McGregor was arrested, but was sentenced last month to perform five days of community service, avoiding jail time in a plea deal.
Of course, McGregor just had to finish out a plea agreement in NY after he went on an all-out assault on a bus back in April in an attempt to get to Nurmagomedov after he was involved in an altercation with Nurmagomedov's teammate Artem Lobov ahead of UFC 223.
McGregor and his entourage stormed the Barclays Center loading dock and the Irishman threw a dolly through the bus window in search of Nurmagomedov.
Negotiations for the biggest fight in UFC history are now ongoing and a deal is expected to be reached in the coming days.
McGregor had initiated the bus attack in response to Nurmagomedov and his team's cornering of Artem Lobov, who is one of the Irishman's good friends, ahead of UFC 223.
He is a formidable challenger for McGregor in a return from a 23-month break from MMA competition.
Israel Adesanya didn't seem phased by Brunson's attempt of body shaming, and the up-and-comer has impressed UFC fans with his last three fights, which brought him victories over Rob Wilkinson, Marvin Vettori, and Brad Tavares. McGregor didn't immediately react to the bout announcement on social media.
The UFC star has been booked to fight lightweight Dustin Poirier at UFC 230 on November 3 at Madison Square Garden in New York City.
"It's time to go, so it's time to go", Diaz said.
Khabib Nurmagomedov's manager, Ali Abdelaziz, has said he would be happy to see his client take home $10 million for the bout, according to R-Sport.
As it played, Diaz abruptly left the presser he was at and tweeted "I'm not fighting on that show (expletive) the UFC".