On April 17, Paul defeated UFC veteran Ben Askren by knockout in the first round of their main fight at the Triller Fight Club celebrity boxing event. Woodley, 39, is on a four-fight losing streak, with the past two losses coming by knockout. In March, he lost a submission battle to Vicente Luque in the UFC.
Showtime has signed Paul to a multi-fight deal.
On June 6, his brother, Internet sensation Logan Paul, will compete in an exhibition bout against Hall of Fame boxing great Floyd Mayweather.