Neeraj, who will be defending his WBC title next month, will compete in the welterweight 69kg division as no Indian boxer has qualified in this category.
"Yes, I have registered for the AIBA pro event in Venezuela," Neeraj told PTI.
Gaurav Bidhuri (52kg) and Dilbag Singh (81kg) have also thrown their hats in the fray.
"I have completed the registration for the event and I hope to make the Olympics from there," said Gaurav, who is eligible for the event owing to his participation in the AIBA-backed semi-professional World Series of Boxing (WSB), where he won four and lost an equal number of bouts during his stint.
Sumit lost in the quarterfinals of the event last night but if his opponent -- top-seeded Russian Petr Khamukov -- wins the gold medal, he would make the Rio cut as a lucky loser.
The tournament in Venezuela is the final Olympic qualifying event and will only feature boxers with experience in the professional circuit. The participants will include those from WSB and the AIBA Pro Boxing Tournament along with other pro boxers from around the world.
The tournament was opened to pro boxers from all over after the AIBA's extraordinary congress voted overwhelmingly earlier this month for allowing pros in the Olympic arena.
The decision has been met with mixed response and several boxing promoters have threatened to punish pros who decide to compete in Venezuela.
India's biggest boxing star Vijender Singh (75kg) was also eyeing participation in this tournament but Vikas' qualification for Rio ended his hopes.
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