Liverpool heavyweight David Price has relinquished his British and Commonwealth belts in a bid to boost his career after successive losses.
Price, 30, who was
beaten twice by Tony Thompson earlier this year,
Russia's Evgeny Orlov on 14 December.
His decision to give up his titles means an all-British fight with Dereck Chisora is unlikely in the short term.
David Price's record
Won: 15 (13 KO)
Lost: 2 (2 KO)
"We are in no rush. This is about creating the next UK heavyweight champion,"
Price's promoters tweeted.
The bronze medal winner from the 2008 Beijing Olympics was offered a bout with domestic rival Chisora but decided against it.
Chisora's promoter, Frank Warren,
won the purse bids
for the fight between the pair meaning Price had to agree to that bout or relinquish his titles.
Since suffering the first defeats of his professional career in
back-to-back meetings with American veteran Thompson,
Price has changed much of his set-up.
He linked up with Sauerland promotions following
Frank Maloney's decision to retire,
joined the gym of trainer Adam Booth
splitting with long-time coach Franny Smith.