Anthony Olascuaga and Jonathan 'Bomba' Gonzalez found common ground just in time to enjoy the weekend.

A previously scheduled purse bid was canceled as the two sides reached a verbal agreement for their WBO mandatory title fight. The matter was due to appear before the WBO on Friday but is no longer required.

"Official: Purse Bid for WBO Mandatory Flyweight Division Olascuaga/Gonzalez is canceled as the parties reached terms," WBO lead counsel Gustavo Oliveiri posted on X. "Bout date and venue coming soon."

Official: Purse Bid for WBO Mandatory Flyweight Division Olascuaga/Gonzalez is canceled as the parties reached terms. Bout date and venue coming soon.@AnthonyOlascua1@jonathan_bomba@Felixx_Zabala@allstarboxing@CelisDeportes@osunaespn@JakeNDaBox@teikenpromotion

— Gustavo Olivieri, Esq. (@OlivieriLaw)August 9, 2024

Both fighters are promoted by Felix 'Tutico' Zabala's All Star Boxing, Inc. Los Angeles' Olascuaga is also co-promoted by Mr. Honda's Teiken Promotions.

While an agreement was made, no set date or specific time frame is in place for the bout.

There was speculation that it would be paired with the Kenshiro Teraji-Cristofer Rosales WBC flyweight title fight. However, multiple sources described toThe Ringof reports on that bout and its date being finalized as extremely premature.

Teraji also fights under the Teiken banner.

Olascuaga (7-1, 5 knockouts) claimed the vacant WBO 112-pound title in a spectacular fourth-round knockout of Riku Kano on July 20 in Tokyo. The bout was the third straight in Tokyo for Olascuaga. His lone defeat came in a ninth-round stoppage to Teraji (23-1,1 14KOs), the RING/WBC/WBA 108-pound champ at the time. Olascuaga took the April 2023 fight on nine days' notice, replacing Gonzalez (28-3-1, 14 KOs) in what would have been a three-belt unification bout.

Gonzalez held the WBO junior flyweight title at the time. His 32-month title reign saw just three defenses. Injuries and illness have stalled his progress until he outgrew the division. The 33-year-old southpaw from Caguas, Puerto Rico vacated the title in June.

In exchange, Gonzalez was granted a mandatory position at flyweight—a practice commonly afforded WBO titleholders.

Olascauga is The Ring's No. 8-rated flyweight. Gonzalez is currentlyNo. 1 at 108 by The Ring, but that will change with his next ring appearance.