Mike Tyson Is Coming Out of Retirement! Boxer Returning to Ring for Roy Jones Jr. Exhibition

Mike Tyson is officially returning to the ring.

Just a few months after teasing that he'd be coming out of retirement, the boxer will fight fellow great, Roy Jones Jr., in an eight-round exhibition match, his rep confirms to PEOPLE.

The fight — called the Frontline Battle — will take place on Sept. 12 and will be available on both pay-per-view and on social media platform Triller. The fight will take place in Florida. TMZ first reported the news.

The news comes one day after Tyson, 54, announced the launch of his Legends Only League, which will support older athletes hoping to return to their sports. The Legends Only League will back boxers, as well as athletes in other sports, hoping to bring "the best of the best back into the ring, onto the court, and back on the field."

In May, Tyson proved that he's still got it when he showed off his incredible punching power in a montage of workouts posted to Instagram. The video ended with Tyson looking into the camera and simply saying, "I'm back."

"Anything is possible when you are smart about it," Tyson wrote in the caption of the video. "Train Smart. Recover Smarter."

The former heavyweight champion first dropped a hint that he was considering a return to boxing during a conversation with rapper T.I. on Instagram Live earlier that month.

"I've been working out, I've been trying to get in the ring. I think I'm going to box some exhibitions and get in shape," Tyson told T.I., according to Yahoo Sports.

Tyson, who competed from 1985 to 2005, ended his career with a record of 50 wins, six losses and two no contests. Forty-four of his wins came by knockout.