McGregor, 30, hasn't set foot inside the Octagon since claiming the lightweight title 20 months ago in the main event of UFC 205, a card where he became the promotion's first simultaneous two-weight world champion.
Around this time previous year, McGregor was in Los Angeles alongside Floyd Mayweather at a massive press event.
Nurmagomedov's last fight was held on April 7, defeating in the title fight American realtor al Iaquinta.
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Nurmagomedov was the intended target of McGregor's wrath after a previous spat between the fighters' camps.
McGregor will avoid jail time and instead serve five days of community service and attent anger management classes.
McGregor himself has said recently that he would prefer to fight in Madison Square Gardens again, but conceded that he believed his next fight would be in Las Vegas.
McGregor first laid the groundwork for his fight against Nurmagomedov back in April when he attacked a bus full of UFC fighters, including the Lightweight champ, at Barclays Center in Brooklyn.
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The undefeated Russian fighter challenged McGregor for a fight after the incident, which White had labeled "the most disgusting thing ever happened in UFC history".
"And obviously for Conor, coming back from a two-year layoff, in my opinion - and it's insane to say this because of how popular he is around the world - but he's one of the most underrated fighters in the UFC".
White didn't disclose terms of the deal that was reached.
To add fuel to the fire, Diaz's scheduled opponent at UFC 230, Dustin Poirier, also hit the internet to express the similar sentiment of not taking part in the fight.
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Saudi Arabia is also halting all new investment and trade transactions with Canada , the Saudi Press Agency statement added. "We consider the Canadian ambassador to the kingdom persona non grata and order him to leave within the next 24 hours".
McGregor is returning to UFC, and White said that they were waiting for his legal proceedings to conclude before moving forward.