Some wondered if the fight would come about when Coenen surprisingly lost to Alexis Dufresne at Bellator 155 last May, but it is now official.
— BellatorMMA (@BellatorMMA) January 31, 2017
Budd has a seven-fight win streak going, with a majority decision over Arlene Blencowe at Bellator 162 last October.
Bellator 174 takes place March 3 at the Winstar World Casino in Thackerville, Oklahoma.
No other fights have officially been announced as of yet.