Margarito-Cotto would be held Dec. 3

IRVING, Texas -- Cowboys Stadium is a potential destination for the Antonio Margarito-Miguel Cotto rematch scheduled for Dec. 3.

The fight is scheduled to occur at Madison Square Garden, but the New York State Athletic Commission is reviewing Margarito's request for a boxing license because he suffered a eye injury in his Nov. 13, 2010 loss to Manny Pacquiao at Cowboys Stadium.

A hearing had been scheduled for Friday in New York to determine if Margarito should be given one. However, the commission ordered him to submit to a thorough examination of his right eye by a doctor of the commission's choosing before it would vote on his application.

Bob Arum, the promoter for both fighters, said he's spoken with officials from Cowboys Stadium about moving the fight to Arlington, Texas.

A source confirmed the Cowboys are interested in the fight if Margarito is denied a license in New York.

"[Cowboys Stadium] is our premium choice to have an event that night," Arum said Friday morning. "We have a great relationship with the Cowboys. It's a hot, hot fight."

Despite a quick turnaround to move the bout, Arum expects between 30,000 to 40,000 fans for the fight.

"We won't go crazy on the ticket [price]," he said.

The Cowboys play at Arizona Dec. 4, making Cowboys Stadium available. Arum said other options include Pepsi Center in Denver and a location in Biloxi, Miss.

If the fight happens, it will be the third at Cowboys Stadium. The first two involved Pacquiao, considered one of the top fighters. He defeated Joshua Clottey in the first boxing match at Cowboys Stadium in March 2010. It drew 50,944 fans, the second-largest attended boxing match in Texas.

A hearing Wednesday reviewing Margarito's medical records revealed he suffered a broken orbital bone and developed a large cataract in his right eye. Margarito underwent cataract surgery and had an artificial lens placed in the eye.

Margarito has not fought since his loss to Pacquiao and he also would have to apply for a license in Texas.

Margarito defeated Cotto in their first match in 2008.

Calvin Watkins covers boxing for ESPNDallas.com. Dan Rafael of ESPN.com contributed to this report.