Cotto and Alvarez were linked to a possible showdown earlier this year .
Canelo 's camp opted to back out of the negotiation and look for other options after not getting an answer from the reigning World Boxing Council middleweight champion before the deadline that they set .
Cotto and Alvarez were linked to a possible showdown earlier this year , but Canelo 's camp opted to back out of the negotiation and look for other options after not getting an answer from the reigning World Boxing Council middleweight champion before the deadline that they set .