The hard hitting goliaths will collide on July 3 from the MGM Grand Garden Arena in Las Vegas.
Independence Day fireworks will be one day earlier this year.
The news of the match-up comes courtesy of a recent report on MMAJunkie.com.
After coming up short in his bid for the TUF 10 title via knockout at the hands of Roy “Big Country” Nelson, Schaub bounced back with a vengance, knocking Chase Gormley senseless en route to the first round TKO victory in the pair’s “UFC on Versus” meeting, while Tuchscherer will be looking to improve on a recent UFC 109 majority decision victory over Tim Hague after suffering a brutal TKO defeat to Gabriel Gonzaga in his UFC debut.
UFC 116 will be aired live on pay-per-view while featuring a main event between Brock Lesnar and Shane Carwin for the undisputed UFC heavyweight championship.