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Lightweight champion Nurmagomedov was scheduled to defend his title against Ferguson at UFC 249 but the coronavirus pandemic prevented him from getting to the United States.
It was the fifth time a fight between the pair was nixed and following Ferguson's loss to replacement opponent Justin Gaethje, many thought that was the end.
But White told Sports Illustrated that the fight could still be on somewhere down the road should Nurmagomedov defeat Gaethje at UFC 254 later this month.
"If Khabib does beat Gaethje, you get Tony Ferguson another fight [against a different opponent], which we're working on right now," he explained per The Sun.
"And hopefully that fight with Khabib [and Ferguson] happens because I know people want to see it.
"I don't think I've ever seen a fight fall apart as many times as those two.
"It almost scares me to make the fight again. What's going to happen? An asteroid comes to earth? That's the level of bad this thing is."
The Russian is desperate to take on 'El Cucuy' and he stated back in April that it is a 'legacy fight.'
"I want to fight, it's why I choose this [Ferguson] fight," he vented to Brett Okamoto.
"Because this is a hard fight, because this is a legacy fight, this is like the number one fight for fans and it's the biggest fight in UFC right now.
"Of course I can choose easy fight with chicken [Conor McGregor], but I choose the hard fight and anything can happen, I can't control this."
"Right now, if they give me location, if I can come out from Russia... I'm going to fight. One hundred percent. Just give me location."- ESPN MMA (@espnmma) April 2, 2020
Speaking to @bokamotoESPN, @TeamKhabib says facing Tony Ferguson is his "dream fight" and understands why fans are upset. pic.twitter.com/c2j2RV4uZ0
Nurmagomedov's bout with Gaethje will be his first in over a year, with his last title defence coming against Dustin Poirier in September 2019.
Despite the long layoff and tragic death of his father earlier this year, 'The Eagle' thinks he can extend his unbeaten record to 29-0.
"He's gonna be kickboxing and wrestling, like [a] mix, and my goal is to make him tired," he begun.
"I'm gonna make him tired and maybe in number three or round number four, my plan is to finish him."
Do you think Khabib Nurmagomedov vs Tony Ferguson will ever happen?
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Featured Image Credit: PA Images & Tony Ferguson/Instagram
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