UFC officials announced the bout on Tuesday.
Danzig and Lauzon are two of the more popular lightweights in the UFC, but while both are typically exciting, crowd-pleasing fighters, neither has fully realized his potential.
Danzig (21-11-1) made his way to the Octagon by winning the sixth season of The Ultimate Fighter.
His overall UFC record now stands at 5-7, though, which includes losing his last two fights. Melvin Guillard knocked Danzig out in July, which followed a Fight of the Night performance in a split decision loss to Takanori Gomi.
Lauzon (22-9) also enters this fight coming off of back-to-back decision losses to Michael Johnson and Jim Miller.
Lauzon maintains a 9-6 record in the Octagon, racking up 12 post-fight bonus awards, which is a record he shares with former UFC middleweight champion Anderson Silva.