Mike Tyson vs Jake Paul postponed as official statement released

Mike Tyson's fight with Jake Paul has been postponed indefinitely after the heavyweight legend received a warning from medical professionals.

Tyson, 57 and Paul, 27, were due to meet at AT&T Stadium in Arlington, Texas on July 20 in the main event of a card to be broadcast on Netflix.

It was also set to feature an undisputed super lightweight title fight between Katie Taylor and Amanda Serrano, with UFC star Darren Till also making his professional boxing debut on the undercard.

But the event has now been postponed until a later date.

A statement released on Friday by Paul's promotional company MVP announced Tyson is unable to train due to an ulcer, forcing the fight to be called off.

"During a follow up consultation on Thursday with medical professionals on his recent ulcer flare up, the recommendation is for Mike Tyson to do minimal to light training over the next few weeks and then return to full training with no limitations," read the statement.

"Both Mike and Jake are in agreement that it is only fair to ensure that both athletes have equal training time to prepare for this important match and are able to compete at the highest level.

"The health and well-being of athletes is our top priority, and we fully support Mike in taking the necessary time to allow him to perform at the level he expects of himself."

Tyson expressed his disappointment but promised fans the fight would take place later this year.

Tyson is currently unable to train (Image: Getty)

"I want to thank my fans around the world for their support and understanding during this time. Unfortunately, due to my ulcer flareup, I have been advised by my doctor to lighten my training for a few weeks to rest and recover," he said in a statement released by MVP.

"My body is in better overall shape than it has been since the 1990s and I will be back to my full training schedule soon. Jake Paul, this may have bought you some time, but in the end you will still be knocked out and out of boxing for good.

"I appreciate everyone’s patience and can't wait to deliver an unforgettable performance later this year."

Paul, meanwhile, said he is happy to wait to face Tyson "at his best" rather than rushing through a fight.

"I fully support postponing the event so Mike Tyson has no excuses come fight night," added Paul.

"My fans know I don't want to face Iron Mike at anything but his best, but let there be no mistake – when he steps into the ring with me, I will be ready to claim my W with a sensational finish.

"Paul vs Tyson will be one for the ages, and I promise to bring my best for this once-in-a-lifetime matchup."