On Saturday, February 26th, the Ultimate Fighting Championship will present UFC 127 live from the Acer Arena in Sydney, Australia.

The fight card will be headlined by a welterweight battle between the legendary B.J. Penn and top-ranked competitor Jon Fitch.

Also appearing on the card will be a highly anticipated bout between middleweight competitors Michael Bisping and Jorge Rivera.

George Sotiropoulos will return to fight in his homeland of Australia on this card, meeting Dennis Siver.

Penn destroyed Matt Hughes in his last bout, knocking out the former UFC champion in a mere 21 seconds at UFC 123. This fight will be a true test, revealing if the Penn of old is back or if the Hughes fight was an anomaly.

Fitch is an almost unstoppable grinder. He has only three losses in his career, two of them coming in 2002. The only other blemish on his 23-3-1-1 record is a 2008 loss to UFC Welterweight Champion Georges St. Pierre.

Fitch has said he will look to change his game plan in this fight, looking to stop Penn and remove the "grinder" and "boring" tags that he has been saddled with.

The winner of this bout, according to UFC president Dana White, will be next in line for a welterweight title shot.

The Rivera and Bisping bout has taken on a life of its own. Rivera threw the first volley, posting videos on YouTube poking fun at Bisping. Bisping saw very little humor in the videos and during the pre-fight press conference threw repeated verbal jabs at Rivera. This one has turned into a grudge match.

Sotiropoulos, an effective submission fighter, has been told by White that he is in the mix for a lightweight title shot with a win in his bout against Siver, a former kickboxing champion.  Look for each fighter in this one to impose their style on the other.

All told 12 bouts will take place on the fight card.

The UFC will stream two bouts on their Facebook page beginning at 8 pm ET on Saturday, February 26th.

ION television will then carry three preliminary fights at 9 pm ET and the main card will be shown on Pay-Per-View at 10 pm ET.

UFC 127: Penn vs. Fitch Results, News and More

Check back often as Bleacher Report will have pre-fight, in-fight and post-fight coverage of UFC 127 right here.