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Former heavyweight world champion Tyson returned to the boxing ring last November, for the first time in 15 years, when he took on Roy Jones Jr in an exhibition fight.
'Iron Mike' isn't done either and there has been multiple reports over the months about him stepping back in the ring again.
Just this week the 54-year-old revealed that his second exhibition fight would be on May 29th in Miami, though no opponent was named.
Previously a huge third fight against Evander Holyfield has been discussed but former heavyweight title challenger Toney suggested it could be him, with a post on Instagram.
Toney, who won world titles at cruiserweight, super middleweight and middleweight during his professional career mocked Tyson saying, "You better not wear a mini-skirt to our fight. No jokes. Lights Out!"
The caption related to the video of 'the baddest man on the planet' in a parody of the 1989 Bobby Brown hit Every Little Step.
In 2010, Tyson joined comedian Wayne Brady in a spoof of the original video and 11 years on Toney obviously wants his potential opponent to take things more seriously.
Tony did beat John Ruiz for the WBA version of the world heavyweight title in 2005, with a unanimous decision victory, however the win and title were taken away from him.
The fight was turned into a no contest when the American failed a drugs test, though he was allowed to keep hold of the IBA heavyweight title.
He later fought Lennox Lewis conqueror Hashim Rahman for the WBC world title but failed to become champion for a second time, with the pair fighting to a majority draw for Rahman.
Tyson recently revealed that if he could have fought any boxer from any era then it would have been the undefeated Floyd Mayweather.
Iron Mike would have surely loved to have ended Money's undefeated run and said 'I wish he was my weight.'
The 50-0 boxer is due to have his own latest exhibition fight when he takes on YouTuber Logan Paul at some point in the near future.
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