"Rampage" out of UFC 153
UFC president Dana White delivered the news via Twitter on Tuesday.
The promotion's next move is not certain, as officials have yet to announce whether or not Jackson will be replaced.
The event takes place at the HSBC Arena in Rio de Janeiro, Brazil on October 13, leaving the UFC with little time to find a new match up for Teixeira.
UFC 153 was expected to be Jackson's final fight in the UFC after the fighter-turned-actor expressed frustration with a number of things, including the amount of money he was making.
He originally wanted his loss to Ryan Bader at UFC 144 to be his final fight under the Zuffa banner, but was convinced to finish out his contract.
Prior to that defeat, he fought for the UFC light heavyweight title, but failed to regain the belt, losing to Jon Jones at UFC 135.
Meanwhile, Teixeira just recently debuted in the UFC, and what a debut it was. The Brazilian earned a first round stoppage against Kyle Kingsbury at UFC 146 and was immediately thrust into title contention.
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