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Published 17:15 8 Dec 2016 GMT
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In the meantime, top contenders Khabib Nurmagomedov and Tony Ferguson will be able to do battle at an event in April or May for the chance to take on the winner of a potential McGregor vs. Diaz trilogy fight, with the title on the line.
So the location makes sense, the date makes sense and both camps seem thoroughly content on holding out for that specific match-up.
Diaz's most lucrative next bout comes against McGregor and vice versa.
Not only that but McGregor's head coach John Kavanagh has named a third fight opposite the TUF 5 winner as the most tactically interesting one on the table.
"For me, interest-wise, the Nate fight would interest me greater," Kavanagh said on a recent episode of The MMA Hour.
"If it's Tony or if it's Khabib then great. They're two fantastic fighters. There'd be a lot to learn in the preparation for them and both would be extremely interesting fights to watch and problems to solve and to see Conor beating both of them and how he does it would be very interesting for me.
"But I do think Nate would be quite a bit better than either of them."
McGregor himself has dismissed the notion of defending his newly won lightweight title against Nurmagomedov due to his track record of injuries and pulling out of fights.
"He doesn't fight frequently enough for my liking," McGregor said of the undefeated Russian after UFC 205. "For me to commit to something like that, I'm going to need solid proof that people are going to show up and he's a consistent pull-out merchant."
The Irishman's silence on a potential defence against Ferguson has been deafening which would lead you to believe that he's favouring a clash with Diaz, who certainly seems up for the challenge.
So when you look at all the variables, that match-up on that date in that location would make the most sense. Wouldn't it?
But, hey, the fight game is as fickle as McGregor is unpredictable so it's perhaps jumping the gun ever so slightly to definitively say it's going to happen.
However if it does, don't be surprised.

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