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Published 15:16 22 Mar 2019 GMT
Updated 15:20 22 Mar 2019 GMT
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The report comes from ESPN Deportes, who state that the fight will take place on June 15 at the Thomas & Mack Centre in Las Vegas, Nevada.
Schwarz might not be a recognisable name for casual fans but the 24-year-old has a solid record of 24-0, with 16 of his wins coming by way of knockout.
The German is ranked just behind WBO heavyweight champion Anthony Joshua and No. 1 ranked Dillian Whyte in the World Boxing Organisation rankings, having successfully defended the WBO inter-continental title against Kristijan Krstacic earlier this month.
Fury's promoter, Frank Warren, recently claimed that Wilder's decision to reject an offer from DAZN would make the rematch with 'The Gypsy King' more likely to happen this year.
"What he’s done, he’s turned down the offer to go and fight on DAZN in the States… and stayed with his broadcaster Showtime," Warren told talkSPORT.
"That’s good news for us, from Tyson Fury’s point of view, because I think that fight will get made now, I think it’ll get made this year."
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