Vitor Belfort has found his next promotion.

"The Phenom" signed a multifight deal with ONE Championship, which was announced Thursday.

"It is with great pleasure and honor that I welcome Vitor Belfort into the ONE Championship family," chairman and CEO Chatri Sityodtong said in a statement. "Vitor is hands down, one of the biggest names in mixed martial arts. He is a legend across the world, and we are thrilled to have him as ONE expands into South America.

"I cannot wait to see his explosive power and his exciting knockout finishes inside the ONE cage."

The 41-year-old Belfort (26-14, 1 NC) last fought in May 2018 when he lost his final UFC fight to Lyoto Machida via knockout. Immediately following the fight, Belfort strongly suggested he would never fight again, though he never fully committed to the idea of ending his legendary career. In December, Belfort announced on "Ariel Helwani's MMA Show" that he had decided to keep fighting and was hoping to sign with a new promotion in 2019.

"I have been in this sport since I was 19 years old, and have been fortunate enough to witness its growth and evolution firsthand," Belfort said in the statement. "I am grateful to so many for this incredible opportunity. ... I would like to of course thank Chatri Sityodtong and ONE Championship, who gave me this great honor to fight in front of the Asian audience. ONE Championship is the Home of Martial Arts, and I plan to become a ONE World Champion in front of some of the best martial arts fans in the world."

Asian-based ONE in the past four months has signed notable fighters such as Eddie Alvarez, Demetrious Johnson, Sage Northcutt, Yoshihiro Akiyama and Yushin Okami.

Belfort's signing with ONE marks the seventh organization he will have fought for since he debuted in 1996.

Belfort is a former UFC and Cage Rage light heavyweight champion.