From what we understand Melindo, currently ranked #5 by the IBF, is in talks with IBF #8 ranked fighter Saul Juarez (20-3, 11) for the shot after Juarez narrowly missed out on a WBO world title bout with Donnie Nietes (33-1-4, 19) on the same show.
Whilst nothing is yet concrete it does seem very likely that this bout will be confirmed short with it making a lot of sense for both men and opening up a door to fight the newly crowned champion Javier Mendoza, who won the title on the undercard of the Terdsak Kokietgym/Orlando Salido fight. For Melindo that would be a second world title fight after coming up short in a Flyweight title bout against the excellent Juan Francisco Estrada whilst for Juarez it would be his first shot at a world crown.
Although ranked #5 and #8 both Melindo and Juarez are very highly ranked. The IBF currently have no-one ranked at #1 or #2 and last weekend their #3 and #4 fought. Effectively this would all push Melindo into the #3 slot and Juarez may find himself as high as #6 when the rankings are next up dated. In real terms that would make them the highest and third highest ranked challengers as recognised by the IBF who force fighters to fight in eliminators for their top spots.
We're suspecting that this bout will be confirmed in the coming days with contracts being signed shortly, of course in boxing things aren't always that simple but all signs are that this is just a case of putting pen to paper and having the bout formally announced.