The news was confirmed by Canelo's promoter Oscar De La Hoya at an event in California.
BoxingNewsAndViews reports that the chief of Golden Boy Promotions revealed all in a chat with fellow boxing legend 'Sugar' Ray Leonard.
When asked about the prospective rematch, De La Hoya reportedly said: "Yeah for the fight in May Golovkin vs Canelo? But if fell off. But it’s September.
"Yeah (nodding his head at Ray) – it’s going to happen. We’re close.”
Plans for Triple G and Canelo to go head-to-head again on May 5 after last year's controversial draw were shelved when it was revealed the Mexican boxer had failed two drugs tests.
Alvarez blamed contaminated meat on his drug tests – surprising given trainer Chepo Reynoso was a butcher for 32 years.
He decided to withdraw to focus on the hearing after he tested positive for banned substance clenbuterol.
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But the Nevada State Athletic Commission proceeded to issue a year's suspension from the sport, which Canelo appealed down to six months, backdated.
That would mean he is free to return to the ring from August.
Golden Boy promoter Oscar De la Hoya has tried to put the pressure on GGG to agree to another rescheduled rematch.
The undefeated Kazakh KO king destroyed substitute opponent Vanes Martirosyan on May 5 and will not hang about waiting for his rival.
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