Today in Mexico City, the fight between three-time world champion Erik Morales and former WBA Jose Alfaro was officially announced for March 27 at Arena Monterrey in Nuevo Leon, Mexico. The event will be billed as “Hope of Fire” as “El Terrible” Morales is returning to the ring after a three year layoff. Morales is now training at the Centro Ceremonial Otomi in Toluca, Mexico, and plans to return at 142 pounds. He has held world titles at super bantamweight, featherweight and super featherweight. His last fight was a 2007 decision loss against David Diaz in an attempt to win the WBC lightweight title match. Jose Alfaro is training at the Roger Deshon Gym in Managua, Nicaragua. Alfaro said he wants to fight with Morales because he believes the better years of Morales have passed.