White made the announcement during a news conference in Rio de Janeiro, Brazil to promote UFC 142, which is set for Jan. 12, 2012 at HSBC Arena.
Belfort and Silva will meet at the conclusion of the 12-week series, scheduled to begin March 25. The finale of TUF: Brazil is expected to be held in June, but White could not confirm a date at this time.
TUF: Brazil will air on Globo, a Brazilian-based network that has a deal with UFC. White did not announce which network will air the series in the United States.
Belfort and Silva fought in October 1998. Belfort won that bout by first-round TKO, but expects the fight to look a lot different this time around.
“Many things have changed,” Belfort said. “We’ve become more experienced more mature. A difference is that one was back in 1998, this one will be in 2012.”
Both Belfort and Silva are coming off impressive knockout wins.
Belfort (20-9) stopped Yoshihiro Akiyama in the first round on Aug. 6 at UFC 133. Silva (34-11-1, 1 no contest) finished Cung Le in the second-round of their highly anticipated showdown Nov. 19 at UFC 139.
Belfort and Johnson will compete at the middleweight limit of 185 pounds.