Don Feria/Associated Press

A bidding war may be shaping up for Brock Lesnar's services.

According to Dave Meltzer of Wrestling Observer Radio (h/t H Jenkins of Ringside News), it is expected that Paul Heyman will negotiate with WWE, UFC and All Elite Wrestling on Lesnar's behalf when his WWE contract expires:

"If he wanted to fight he'd be fighting now. You know he got the big offer from Vince [McMahon]. He's gonna do WrestleMania. I fully believe he's gonna do the Saudi show in May and then you know if the contracts ... a three-way dance this time.

"Paul E is negotiating the biggest three-way dance of his life. AEW, WWE, and UFC all for the same guy. That's an interesting game, isn't it?"

The Beast Incarnate is scheduled to defend the WWE Universal Championship against Seth Rollins at WrestleMania 35 on April 7.

Since his fight against Mark Hunt at UFC 200 in 2016, Lesnar has worked exclusively with WWE. He initially won that bout, but after testing positive for a banned substance, the result was changed to a no-contest.

That led to Lesnar being suspended, but it seemed as though a UFC return was imminent when he walked into the cage and shoved Daniel Cormier after he beat Stipe Miocic for the UFC Heavyweight Championship at UFC 226 in July.

However, Roman Reigns relinquished the Universal Championship in October after his leukemia returned, and Lesnar subsequently beat Braun Strowman for the title and has held it ever since.

AEW is quickly becoming a player in the pro wrestling world due to the financial backing of the Khan family, which owns the NFL's Jacksonville Jaguars.

Meltzer (h/t Ross Kelly of Wrestling Inc.) reported recent AEW signee Chris Jericho wants to have a match against Lesnar.

While the veteran reportedly has "a lot of sway" with AEW officials, Meltzer added that the new company won't make a "bad deal" just to sign The Beast.

Meltzer also noted WWE Chairman Vince McMahon may be willing to match anything in order to ensure the universal champion remains with his promotion.

Given his name recognition and drawing power, Lesnar is in a highly advantageous position due to the amount of competition that has emerged in the world of combat sports and entertainment.

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