Jon Jones remains under UFC contract with multiple fights reportedly left on his deal, and the promotion has shown no willingness to grant a release that would allow competition elsewhere. His last bout came in November 2024 against Stipe Miocic, after which arthritis and hip concerns sidelined him; recent stem-cell treatments and training-partner work with Gable Steveson have kept him active in the gym but produced no scheduled bouts. While Jones has floated interest in boxing under the IBA or cross-promotional matchups, his public comments through mid-2026 emphasize keeping the door open for a UFC return, staying in the testing pool, and prioritizing family and coaching over an immediate jump to another organization. With limited time remaining before the December 31, 2026 cutoff and no confirmed outside fight on the horizon, trader consensus reflects the substantial barriers to any such move.