Martin Bakole and Efe Ajagba will apparently stay the course, even with the reduced stakes.

The IBF, however, will have to figure out a new plan to fulfill its heavyweight mandatory slot.

The Ring has confirmed that a new IBF heavyweight title eliminator will be assigned, though the participants were not yet established as this goes to publication. Bakole (21-2, 16 KOs) will still move forward with his planned May clash with Efe Ajagba (20-1, 14 KOs) at a New York City location to be determined.

However, the winner is no longer in line to become the mandatory challenger to current IBF heavyweight titlist Daniel Dubois (22-2, 21 KOs). That status changed after Bakole suffered a second-round knockout loss in a late-accepted assignment against Joseph Parker (36-3, 24 KOs), The Ring’s No. 3 heavyweight contender, this past Saturday in Riyadh, Saudi Arabia.

Ironically, Bakole, The Ring’s No. 6 heavyweight contender (though due for a one-spot demotion) lost out on the chance to become Dubois’ No. 1 contender by replacing the Brit this past weekend. Dubois, The Ring’s No. 2 heavyweight contender, was due to defend his belt against Parker but fell ill late in fight week and withdrew from the contest.

Parker instead risked his interim WBO title against Bakole, who accepted the fight on barely 48 hours’ notice.

Turki Alalshikh, chairman of Saudi Arabia’s General Entertainment Authority and head of Riyadh Season, assured Bakole that he would move forward with his planned fight against Ajagba, The Ring’s No. 10 heavyweight contender. Their bout is part of a tripleheader that will serve as Ring Magazine’s first-promoted card in the U.S.

Bakole is the highest-ranked IBF heavyweight contender at No. 3. That status will likely change after his recent defeat.

Whom the IBF contacts to fill the void will likely depend on their next monthly ratings update in early March. Frank Sanchez (25-1, 18 KOs) is currently No. 4, followed by Parker, Ajagba, former two-time unified heavyweight titlist Anthony Joshua (28-4, 25 KOs), Filip Hrgovic (17-1, 14 KOs), Derek Chisora (36-13, 23 KOs) and Justis Huni (12-0, 7 KOs).