Diaz, who left the UFC in September after submitting Tony Ferguson, will be making his professional boxing debut when he faces Paul.
The YouTuber, meanwhile, is 6-1 as a pro boxer, having beaten former UFC champions Tyron Woodley and Anderson Silva, among others.
Paul outpointed Woodley in their first clash before knocking him out in a rematch, and the 26-year-old dropped Silva en route to a points victory over the MMA legend. He also holds a first-round knockout win over ex-UFC star and former ONE champion Ben Askren.
Most recently, Paul boxed Tommy Fury – half-brother of heavyweight boxing champion Tyson – in February, losing on points.
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