Promoter Dan Goossen made the announcement Wednesday.
Showtime pay-per-view will telecast the fight, which Holyfield hopes moves him closer to a championship bout.
Holyfield said he will not retire until he reclaims the IBF, WBC and WBA title belts. That could be complicated at age 40. He lost a fight for the vacant IBF title to Chris Byrd last December. Lennox Lewis owns the WBC title and Roy Jones Jr. is the WBA champ.
Toney, a three-time world champion, won the IBF cruiserweight title with a 12-round unanimous decision over Vassiliy Jirov last April 26.
http://accesswdun.com/article/2003/7/176758