The 34-year-old Puerto Rican will soon meet with trainer Freddie Roach in Los Angeles to make the final decision.
Possible opponents include Jorge Sebastian Heiland and Sergio Mora. IBF junior-middleweight champ Cornelius “K9” Bundrage is also a possibility, although he looks headed toward a fight with Timothy Bradley.
This will be the first match of Cotto’s $50 million three-fight deal with Jay Z’s Roc Nation. A bout with Canelo Alvarez could be the second bout of that deal for Cotto.