John Jones has withdrawn from the highly anticipated heavyweight title fight against Stipe Miocic, UFC President Dana White announced on social media Tuesday.

Jones was set to defend his UFC heavyweight championship against Miocic, the former champion, in the main event of UFC 295 on November 11 in New York. White said Jones tore his pectoral muscle during a training session Monday night and will require surgery, which will keep him out of action for approximately eight months.

The vacant light heavyweight title fight between former champion Jiří Procházka and former middleweight champion Alex Pereira will now headline the Madison Square Garden card. A new bout will also be added as the co-main event: Tom Aspinall vs. Sergey Pavlovich for the interim super heavyweight title.

Miocic will no longer be on the card after the high-profile matchup with Jones fell through. Jones, considered by many as the greatest MMA fighter of all time, was set to take on Miocic, the most successful heavyweight in UFC history.

Sources said there is hope that the Jones vs. Miocic fight will be rescheduled for a significant card in 2024.