Artie Pelullo has informed Boxingtalk.com that he has agreed to a buy-out as co-promoter of lightweight king Diego "Chico" Corrales. Pelullo has not officially received his payment yet. Once the deal if formally completed, Corrales will no longer contractually obligated to face Acelino Freitas in his next fight. Corrales will now take on Jose Luis Castillo in a rematch of their epic May 7 encounter. Corrales-Castillo II will headline a Showtime PPV on October 8 and the bout is excpected to take at the Thomas and Mack Center in Las Vegas, Nevada. Stay tuned to our front page for all the latest.