While the UFC hasn't officially announced the bout, a source close to the fight confirmed to MMAFighting.com on Wednesday that the bout is under serious consideration for a planned Feb. 2 event in Las Vegas.
If the fight is finalized, it would mark Evans' first bout since losing a unanimous decision to champion Jon Jones on April 21. The loss snapped a four-fight win streak for the 33-year-old Evans (17-2-1).
Nogueira (20-5), meanwhile, has not fought since a first-round stoppage of Tito Ortiz on Dec. 10, 2011. He was slated to meet Alexander Gustafsson in April, but the 36-year-old Brazilian had to pull out of the fight due to a knee injury.