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DREAM has reported that they are still trying to set up a fight for Alexander Emelianenko. It is no secret that Alexander Emelianenko is in negociations with DREAM as they already tried to set up a fight for him with Mark Hunt. However, Mark Hunt was able to make the call as he said it would be tough of a fight with little time to train.
As Quoted by Mark Hunt:
Now that the K1 thing is out of the way it's all good baby: all MMA and MMA only. These guys (DREAM) want me to fight Aleksander (Emelianeko) in about three weeks time on May 11th! I was like no way because it's too short a time with no training. I don't want risk fighting like that. But if they compensate me enough for taking that risk then it's all good and I?ll fight. The money has to be right. DREAM plan was to see how Fedor (Emelianeko) goes and when and if he wins the DREAM title, and then I will fight him
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Source
Alexander Emelianenko is rumored to be fighting at DREAM.5...but still TBA.