In a recent interview with TUDN, Alvarez shared some details about the negotiations that took place about a month ago.
"Everything happened in a way, there was the possibility, but I didn't like the idea. I would never call it 'a fight' it's an event, without disrespecting it, there were offers on the table, so I said, offer, if it suited me, well, what does it cost me, right?"
Alvarez explained that he signed for promoters to try selling the fight, but he never truly intended to go ahead with it. He felt it wasn't the right time, especially after his retirement.
The conversation then shifted to Alvarez's relationship with Saudi Arabia and Turki Alalshikh. The two had a public disagreement on social media over business practices, but they've since settled their differences.
"It was a misunderstanding from the beginning, I understand the way he works, it's not my way and I can say it without problems, they made me get the information wrong, I talked to him, to tell him 'I have nothing against you', basically that was it, obviously I knew he wanted to do business with me and everything flowed."
Alvarez has now made a deal with Saudi Arabia, but he remains a free agent and can work with anyone he chooses.
The Mexican superstar is getting ready for his next fight on May 3 in Riyadh, Saudi Arabia, against William Scull. It'll be Alvarez's first fight outside of the United States and Mexico.
As for Jake Paul, it seems a showdown with Canelo isn't on the cards for now. But in the world of boxing, you can never say never.