Nate Diaz suffered a TKO loss to Mike Perry on Saturday night, with his corner throwing in the towel after round 2.

What happened?

The fight was part of Diaz's MMA comeback after transitioning to boxing, and he was covered in blood and cuts after the two-round war.

Conor McGregor reacted to the loss on social media, referencing Diaz's decision to reject a fight against him this summer.

Why it matters for Nate Diaz

Diaz's loss to Perry has sparked a reaction from McGregor, who is pushing for a UFC trilogy fight against his long-time rival.

McGregor will return to the Octagon on July 11 to face Max Holloway at UFC 329, after a five-year spell away from MMA.

What comes next?

Dana White announced McGregor's comeback fight during Francis Ngannou's win over Philipe Lins, with McGregor set to headline UFC 329 in a five-round welterweight main event.

And McGregor's fight against Holloway will be a rematch of their 2013 bout, which McGregor won via unanimous decision despite suffering a torn ACL.

But McGregor's focus is already on a potential fight against Diaz, with the Irishman tweeting "I see why @NateDiaz209 didn’t take the fight lol" after Diaz's loss to Perry.

So the stage is set for a potential trilogy fight between McGregor and Diaz, with the two fighters having a long and storied history in the UFC.

McGregor's tweet also included a reference to his upcoming fight against Holloway, with the Irishman saying "Anyway, here’s to when I get my hands on you, you lanky streak of p—".

The fight between McGregor and Diaz has been rumored for months, with the two fighters having a intense rivalry in the UFC.

Diaz's loss to Perry has only added fuel to the fire, with McGregor now more determined than ever to face his rival in the Octagon.

As for Diaz, he will have to regroup and recover from his loss to Perry before considering his next move in the UFC.

The American fighter has been open about his desire to face McGregor again, and a trilogy fight between the two could be one of the biggest fights of the year.

But for now, Diaz will have to focus on his recovery and consider his options for his next fight in the UFC.