It's time for what is being billed as an ESPN Boxing Special, Wladimir Klitschko puts his heavyweight belts on the line for his second meeting with Samuel Peter. The Commerzbank Arena in Frankfurt, Germany, is the venue.

Brian Kenny and Teddy Atlas are handling the commentary duties, and they discuss the good shape that Peter showed off at the weigh-in. We'll see if that makes a difference today.

Kenny narrates highlights of the first meeting between these two men, which saw Peter drop Klitschko three times and still lose. It's safe to say the careers of both fighters have changed a lot since then.

Michael Buffer is doing the introductions before the fighters walk out, as the Germans always put on elaborate entrance for Klitschko's fights.

Peter comes out first, going old school by coming out to "Hail Mary" by Makaveli, a.k.a. 2Pac. He is 4-3 with 27 KOs, and has won four in a row since losing to Eddie Chambers in October 2008.

Dr. Steelhammer gets a huge reaction from the German fans as he always does. There is some cool video that makes it look like Klitschko is hanging out with a prime Muhammad Ali. Wlad is 54-3 with 48 KOs, and hasn't tasted defeat for over six years.

Buffer does more introductions inside the ring, and we hear the national anthems of Nigeria and Ukraine. Now we're finally set for a scheduled 12 rounds of heavyweight action.

Round One

Peter looks very aggressive right out the gate. He's ducking his way in and swinging. Klitschko grabs to buy himself a second. Wlad tries to settle down behind his jab. Both men fire hooks on the inside. Klitschko goes one-two of his jab, but Peter keeps coming. Nice right hand crashes home for the champ. This isn't too aesthetically pleasing thanks to all the grabbing.

Tylwalk: 10-9 Klitschko

Round Two

Peter strikes first with a lunging right hand. Klitschko lands several jabs in a row and finds a home with the left hook as well. He also lands a sharp right hand right after one of the numerous clinches, then follows with another. Peter is having some trouble with his right eye. The ref is warning both men for the roughhousing. Peter is swinging wildly and missing.

Tylwalk: 10-9 Klitschko

Round Three

Tylwalk: 10-9 Klitschko

Round Four

Nothing of consequence lands in the first 60 seconds. The ref is definitely earning his pay with all of the grabbing. Peter lands a nice head shot, but his eye is looking worse. Tons of wrestling again in this frame. Tough round to score because of a lack of power shots either way.

Tylwalk: 10-9 Klitschko

Round Five

The beginning of every round has looked exactly the same. A right to the head and a left to the body connect for Klitschko. He tries to catch Peter coming in, but the Nigerian Nightmare is ducking very low. Klitschko lands a right hand and backs out of danger. Peter goes to the body but can only land one shot at a time. Klitschko pushes Peter back right before the bell.

Tylwalk: 10-9 Klitschko

Round Six

Emanuel Steward called for some more counters from Klitschko between rounds. Kenny asks Atlas about his man Alexander Povetkin, but Teddy just didn't think his fighter was ready for Klitschko. Peter tries more body shots but is hit with an uppercut. Klitschko fights his foe off with two left hooks. Wladimir is bleeding from his back, which is kind of strange. He sits down behind two straight rights and unloads with an uppercut at the end of the round.

Tylwalk: 10-9 Klitschko

Round Seven

Both men fire hooks before falling into a clinch. Klitschko just misses with a wicked uppercut. He resumes the right hands as he backs up. The ref calls time so Peter can have his left glove wrapped back up again. Klitschko sets up a sharp right with a jab as action resumes. Kenny wonders if Peter is ready to go.

Tylwalk: 10-9 Klitschko

Round Eight

Peter's trainer just told him that if he doesn't let his hands go, the fight is going to be stopped. He's still trying but hasn't found any success for any length of time. A right-left combo connects for the champ. The ref warns Peter for low shots. He finally wakes up a bit with an overhand right late in the round.

Tylwalk: 10-9 Klitschko

Round Nine

It's still rough, but Klitschko scores with a nice left hook. Peter is complaining about rabbit punches. The ref tells Peter to fight out of some clinches because he has a free hand. Klitschko batters his way forward with two left hooks. Peter is still coming forward but to no avail.

Tylwalk: 10-9 Klitschko

Round 10

Peter's trainer told his man again that he has one more round to show something. He's been game the whole time but almost completely ineffective. Klitschko lands two hooks and almost throws Peter to the mat. A vicious series of punches crush Peter, and the ref calls a stop to it just as the challenger hits the canvas. It's all over.

The winner by TKO in Round 10... and still Ring Magazine, WBO and IBF heavyweight champion... "Dr. Steelhammer" Wladimir Klitschko.

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