In their early careers, Hallman defeated Hughes twice, first at an Extreme Challenge show in 1998 and then at UFC 29 in 2000. The victories took a combined 38 seconds.
Until UFC 79 in December 2007, Hallman was the only man to hold two victories over Hughes, though he remains the fastest man to do so.
MMAInsider caught up with Hallman Wednesday afternoon to get the skinny.
MMAInsider: So you recently signed a new deal with the UFC. The world wants to know: is this a harbinger of Hallman/Hughes 3?
Hallman: I don't think it's a harbinger. I think it's a big possibility, if the fans want to see it. I'm not turning down any fights, so if they offer it, there it is.
MMAInsider: Is it something you'd like to do? How likely do you think it is to happen?
Hallman: It's something the fans have been asking for, and I'm sure deep down in Hughes' little heart, it's something he wants, so it's something I'm not going to turn down. I don't have anything to prove there, but I'm not going to turn it down. In my opinion, I would probably expect it. No one's said anything to me, that's not the reason why it was signed, but those are options. I'm sure if enough people ask for the fight, then usually Dana and those guys listen to the Underground says, so I'm assuming it's going to happen.
MMAInsider: How do you feel it would be the same or different than the other two times.
Hallman: I'm sure Hughes is probably going to run for the first thirty seconds at least, and it will be different after that because it will be longer than thirty seconds.
MMAInsider: So if Hughes makes it out of the first 30 seconds, we're good to go.
Hallman: Yep. It will be a good war. Those fights were eight years ago. It's completely different for both of us. The guy's a smarter fighter now, and so am I, so it would be a different kind of war.