"Two months ago I would've told you the winner gets a title shot. Alex Pereira really throws a wrench in that for all of us. I'd like to be able to tell you a win here gets me a title shot, but it probably earns me a fight with Alex Pereira."

Of course, 35-year-old Pereira, the former middleweight champion, recently lost his UFC rematch to Israel Adesanya ... and announced shortly after he'd move up to the 205 lb. division, where making weight will be significantly easier.

Pereira has not yet been added to the UFC's light heavyweight rankings (he's still #1 at middleweight) ... but it's clear Smith believes Alex is going to be fast-tracked to the front of the line.

For Anthony (who's won 3 of his last 4) to be the one to get the Alex fight, and presumably secure an opportunity to earn a title fight by beating him, Smith must defeat the 6'6" Walker, who is coming off two straight wins (Ion Cutelaba in 2022, Paul Craig in 2023).

Smith believes he's got the clear skills advantage over Walker, who at one time was considered a lock to be champ, but Anthony says that doesn't always equate to a win in the Octagon (check out the clip -- Anthony previews the matchup).

Lionheart also joked ... "Only in the UFC is your reward for beating Johnny Walker a tougher fight with Alex Pereira."

Despite Pereira's incredible power and kickboxing, Anthony is pumped for the would-be fight.

"I like it. I like Alex. I'm a fan. I think he has obvious holes in his game and I think that those are going to be exposed a little more at 205. But looking at it from the outside, I'm a fan of that guy. I love the style. I love his aura. He's got this serial killer aura."

First things first ... Smith vs. Walker goes down Saturday afternoon on ABC! 👊