- Brett Okamoto
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The first bantamweight title fight in UFC history will happen this summer.
Cruz (17-1) became the first-ever 135-pound UFC champion when he defended the WEC title against Scott Jorgensen in the promotion's final show in December.
Cruz's only professional loss came at the hands of Faber in March 2007. The two have developed a heated rivalry since.
"I think fans are pumped for that fight," Cruz told ESPN.com last weekend in Newark. "Bantamweight is a new division and right off the bat they get a fight with two of the better athletes in the sport who don't really like each other.
"Everybody likes to see two people go at it [who] don't like each other. That's the point of fighting, right?"
Faber (25-4) is fresh off a unanimous decision win over Eddie Wineland at UFC 128. The former WEC featherweight champion is 2-0 since dropping to 135 pounds late last year.
Brett Okamoto covers mixed martial arts for ESPN.com.
Current champion Dominick Cruz will meet top contender Urijah Faber on July 2 at UFC 132, which is expected to take place in Las Vegas. UFC officials broke the news via Twitter.