Price vacates his two titles

David Price's promoters have confirmed the heavyweight has vacated his British and Commonwealth titles.

Price was due to defend the belts against British rival Dereck Chisora, but will step away from the domestic scene for a few months as he rebuilds after two defeats by American Tony Thompson.

The Liverpudlian linked up with Sauerland promotions last month and will return to the ring against Evgeny Orlov in Germany on December 14.

He still hopes to face Chisora in the future, but firstly wants to recapture the red-hot form that brought him 13 knockouts in his 15 wins.

Price, who won the belts last May with a fourth-round stoppage of Sam Sexton, said: "I am extremely proud to have been British and Commonwealth champion.

"I have some fantastic memories of some great nights winning and defending both belts.

"Now the time is right for me to move in a different direction in order to rebuild my career and achieve my ultimate goal of becoming heavyweight world champion.

"As for the fight with Dereck (Chisora), this is something that really interests me and I'd hope it has the potential to be made later next year.''

Price was halted twice by Thompson inside six months, but the Sauerlands are confident the 30-year-old can slowly work his way into world title contention.

They tweeted: "We are in no rush with @DavidPrice_1 - this is not about a quick $. This is about creating the next UK Heavyweight Champion."