Price will fight on the undercard of the WBA light-heavyweight title fight between Juergen Braehmer and Marcus Oliveira in Neubrandenburg on December 14.
"I am excited to be starting this new chapter in my career," Price said. "My training has been going really well. We have made some changes in the gym and come fight night people will see this in my performance.
"My opponent is a tough guy so I am not taking anything for granted but I have seen him in training and in fights so I know what I have to do to beat him. I can't wait to get back in the ring and get the ball rolling."
After a limp second-round defeat to Thompson in February, Price looked on course to exact revenge in their July rematch only to be stopped in the fifth round after earlier flooring his opponent.
The Liverpool boxer has recently been linked with a fight against Dereck Chisora although Price has insisted that any British showdown is a long way off.
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- Marcus Oliveira
- Juergen Braehmer