The career of one of the men that helped first build the UFC name will likely come to an end this summer when Royce Gracie steps into the UFC Octagon for the final time if everything goes to plan.

MMAJunkie.com spoke to Gracie's manager Mike Kogan, who added fuel to the already burning rumor fire surrounding a possible Gracie retirement bout at UFC: Rio:

Three-time UFC tournament champion and UFC Hall of Famer Royce Gracie (14-3-3 MMA, 11-1-2 UFC) is in continuing negotiations with the promotion to appear in a retirement fight at the Brazilian event, which is expected to take place Aug. 27 at HSBC Arena in Rio de Janeiro.

Mike Kogan, the U.S. representative for the Japan-based Fighting and Entertainment Group (FEG) and Gracie's longtime manager, today informed MMAjunkie.com (www.mmajunkie.com) of the news.

Although negotiations are far from over, Kogan said he and Gracie are talking directly with UFC president Dana White and UFC executive Lorenzo Fertitta about the prospect of bringing the 44-year-old MMA legend back into the octagon one last name against a specific - but undisclosed - opponent.