MMAJunkie.com reported the news on Wednesday afternoon.
Hallman, best known as the man who twice beat future UFC Hall of Famer Matt Hughes, made his return to the promotion in December after more than four years on the independent circuit. Hallman was knocked out by John Howard that night, but impressed the UFC brass enough to earn one more chance with the organization.
Saunders, a tall, skinny welterweight with sharp knees and a good muay thai game, last appeared at UFC 111 in a losing effort to Jon Fitch. Saunders stepped in to replace Thiago Alves just days before the fight when Alves was diagnosed with a brain irregularity and subsequently denied a license to fight in New Jersey. Fitch controlled Saunders for nearly the entire fight, ensuring yet another win on his record while boring the live and pay per view crowd to tears.