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Carlos Condit vs. Chris Lytle Targeted for UFC 127

According to Sportsnet.ca:

A welterweight slugfest is brewing between UFC 170-pound gun-slingers Carlos “The Natural Born Killer” Condit and Chris “Lights Out” Lytle.

A source close to the bout has informed me that the two veterans are slated to face one another at UFC 126: Silva vs. Belfort at the Mandalay Bay Events Center in Las Vegas.

Carlos “Natural Born Killer” Condit (26-5)
Win Dan Hardy – KO (Punch) UFC 120
Win Rory MacDonald – TKO (Punches) UFC 115
Win Jake Ellenberger – Decision (Split) UFC FN 19

Chris “Lights Out” Lytle (30-17-5)
Win Matt Serra – Decision (Unanimous) UFC 119
Win Matt Brown – Submission (Straight Armbar) UFC 116
Win Brian Foster – Submission (Kneebar) UFC 110

[UPDATE] Showdown.ca says the fight will take place on February 27th at UFC 127.

[UPDATE 2] – UFC 127 to Be Held in Sydney, Australia according to MMA Fighting:

UFC 127 will be held in Sydney, Australia on Sunday, Feb. 27, 2011 (Feb. 26 in North American time zones).

UFC 127 coverage