UFC has announced the formal reinstatement of Jon Jones to the UFC roster.

Effective immediately, Jones is eligible to return to competition. As such, UFC expects Jones to meet all of the terms of his plea agreement, including mandatory community service, as a condition of his reinstatement.

UFC is currently discussing with Jones a potential date for his return to the Octagon.

“We’ve made it clear to Jon that this new opportunity to compete in UFC is a privilege and not a right, and that there are significant expectations we have regarding his conduct moving forward,” said UFC Chairman and CEO Lorenzo Fertitta.

“We’re happy to read and see reports that he has embraced the terms of his plea agreement and is using this experience to grow and develop as a person.”

Jones issued a very brief statement about his return to the UFC.

“I am thankful to be able to do what I love once again and I look forward to proving myself as a champion in and outside of the Octagon,” he said.

The news will likely reignite debate about when and who Jones will face on his return. Daniel Cormier seems the obvious choice.

Cormier won the light heavyweight title after UFC striped Jones of his title following a hit-and-run accident earlier this year.

Cormier said he could not wait to compete against him again.

“Congrats to Jon “Bones” Jones on his reinstatement to the UFC. For MMA fans this is a good day. A guy that has shown to be one of the greatest fighters of all time is back,” he wrote on his Facebook page.

“As a competitor there could be no other outcome and this is the best news I’ve heard in a long time. Jon has said the right things and his actions are backing his words up.

“We all hope this is the last time we have to deal with anything like that. And lastly as a fan u get to see two of the best fighters compete against each other.”