
The two heavyweights have agreed to face off at UFC 134 in Rio de Janeiro, the UFC confirmed on Monday.
When Nogueira returns, it will mark his first fight in over 18 months. He last performed at UFC 110 in Feb. 2010, losing to Cain Velasquez via knockout. He's been out since after undergoing surgeries on his knee and hips.
Nogueira is 32-6-1 with one no contest overall. His most recent win came at UFC 102, when he defeated Randy Couture via unanimous decision.
Schaub, meanwhile, has won four straight fights after knocking out Mirko Cro Cop at UFC 128 in March. He's won three of his last four via TKO, moving to 8-1 overall.
UFC 134 takes place on August 27 at HSBC Arena in Rio. The main event will feature middleweight champion Anderson Silva defending his title against Yushin Okami.
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