Officials confirmed the 170-pound bout to ESPN on Thursday. The promotion has not yet decided whether the fight will air on the UFC 195 pay-per-view broadcast or a televised prelim.
Thompson (11-1) is currently riding a five-fight win streak, which includes three knockouts. The former world champion kickboxer is 6-1 in the UFC and has taken out established veterans in his past two fights, against Patrick Cote and Jake Ellenberger. A South Carolina native, Thompson has had one loss, coming against Matt Brown in April 2012.
Magny (16-4) had a seven-fight win streak broken earlier this year, in a decision loss to Demian Maia in August. The 28-year-old bounced back immediately in a short-notice fight three weeks later, defeating Erick Silva via split decision at a UFC Fight Night event. A member of Team Elevation in Denver, Magny is 9-3 in the UFC.