HOUSTON, TX - MAY 9: Saul "Canelo" Alvarez celebrates his 3rd round knockout win over James Kirkland (not shown) at Minute Maid Park on May  9, 2015 in Houston, Texas. (Photo by Ed Mulholland/Golden Boy/Golden Boy via Getty Images) *** Local Caption ***Saul Alvarez; James Kirkland

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The long-awaited Miguel Cotto-Canelo Alvarez fight is inching closer to reality.

All the major deal points have been agreed to — including the rematch clause — and the contracts are being reviewed by the involved parties, Roc Nation Sports President and Chief of Branding Strategy Michael Yormark told USA TODAY Sports on Monday.

The middleweight championship fight is being planned for Nov. 21 at Mandalay Bay in Las Vegas on HBO Pay-Per-View.

Click here to read what Yormark and Co. had to say.