This page explains in detail the interactions between the Punch-Out!! series and the Tekken series.
Tekken 2[]
TEKKEN 2 Secrets Tutorial First Person Wire Frame Mode PS1 PSX
Gameplay of the arcade Punch-Out!! for comparison.
March 29, 1996
Punch-Out!!
Tekken
Tekken 2 features a secret gameplay mode that might be based on Punch-Out!!, accessed after all characters are unlocked by holding L1 and L2 while selecting a fighter. Once this mode is activated, the player's character will change to a green wireframe, and the camera will move behind their back during gameplay.
This mode is therefore almost identical to the original arcade Punch-Out!! gameplay, but it was never confirmed to actually be an intentional reference, rather than a coincidence.
License[]
The reators of Tekken 2 held no right over Nintendo's Punch-Out!! but they only included a minor reference to the game.