All Star Boxing Promotions announced Wednesday that it had reached a new multi-year promotional agreement with flyweight contender Anthony Olascuaga.

Olascuaga (6-1, 4 KOs), of Los Angeles, had already been fighting under the All Star Boxing banner, but the new deal revamps the fighter’s existing agreement with the promoter. Olascuaga made his debut in 2020, on the All Star Boxing-platformed “Boxeo Telemundo.”

"I’m excited to continue the great working relationship with All Star Boxing,” Olascuaga said in a press release.

Olascuaga, 25, nicknamed “Princesa,” most recently stopped Giemel Magramo (28-3, 23 KOs) last September at the Ariake Arena in Tokyo. Having fought his first five bouts at flyweight, Olascuaga moved up to junior bantamweight to dispatch Magramo.

“We feel re-energized in the new weight class and stronger,” Olascuaga said. “We are ready to challenge the top contenders in this new division."

Olascuaga suffered his first loss last April, against junior flyweight unified titleholder Kenshiro Teraji, after stepping in for promotional teammate Jonathan “Bomba” Gonzalez due to illness. On short notice and in just his sixth professional bout, Olascuaga went nine rounds with Teraji (now 23-1 and still a two-belt world titleholder at 108 pounds) before being stopped.

"We felt confident in Tony's ability from the beginning, with his trainer Rudy Hernandez,” said Felix Zabala Jr., president and CEO of All Star Boxing. "The plan was always to fast track him to a world title shot.”

Olascuaga is expected to make his return this summer, according to All Star Boxing.