Canelo Alvarez settled plenty of debates about where he stands in professional boxing on Saturday night. Even so, his victory raised as many questions as it answered.

Alvarez (64-3-2, 39 KOs) produced a masterclass in a 12-round unanimous decision over Christian Mbilli to reclaim the WBC super middleweight title. Mbilli grew timid through the middle and late rounds, but Alvarez deserves full credit for that hesitation. The challenger did not appear frozen by the occasion; he simply looked overmatched on both offense and defense.

The numbers told the story. Mbilli threw 202 more total punches than Alvarez yet landed at a far lower rate, 17.5 percent to 31.3 percent. Alvarez also connected on 41.9 percent of his power shots compared with 26.5 percent for Mbilli, according to CompuBox.

Alvarez may no longer hold all four belts at 168 pounds, but Saturday served as a reminder that he remains the gold standard of the division. The 36-year-old has repeatedly said he has only a handful of fights remaining, and pursuing undisputed status at super middleweight for a third time hardly seems the best use of them. The conversation has already shifted toward how those final outings should be spent.

His clearest motivation appears to be rewriting the few defeats on his record, namely rematches with Dmitry Bivol and Terence Crawford, who beat him in 2022 and 2025 respectively. A second meeting with Bivol looks the more realistic option. Bivol defends his WBA, WBO and IBF light heavyweight titles against Callum Smith in December and has said he would come down to 168 pounds, though Alvarez wants the rematch at 175. Crawford, who retired after beating Alvarez, appears content away from the ring, even if boxing retirements are always taken with a grain of salt.

Should either rematch materialize, the central question is whether Alvarez could flip the result. He dropped unanimous decisions to both men, and adjusting at age 36 would be a monumental task. Unlike Mbilli, who thrives on pressure, Crawford and Bivol are technicians who control distance and hunt counters. Alvarez landed only 84 total punches against Bivol and 99 against Crawford, and he has not scored a knockout since stopping Caleb Plant in November 2021, recording just three knockdowns across nine fights since.

His legacy is secure whatever happens next, but the road back against either man would be steep. Alvarez told ESPN Deportes in late September that he has accomplished everything possible in his 21-year career, which raises an obvious question: what else does he want? Given his standing above every peer at 168 pounds, one unconventional possibility is a big-money fight with Jake Paul, who has long been eager to test himself against the four-division champion.

Those answers will come in time. There is a certain irony that boxing's biggest star, with nearly 70 professional fights and fresh off a performance that answered so much, still faces this much uncertainty about his immediate future. Knowing Alvarez, he probably would not have it any other way.