A boxing authority told the Los Angeles Times that a potential Floyd Mayweather Jr. vs. Manny Pacquiao fight is "making progress."
A fight between the two world champions has been long anticipated, but the two have never been able to come to a full agreement.
Both sides held negotiations on Thursday, which the official, who spoke on condition of anonymity, said featured "noticeable progress." The official said a deal could be completed in the next seven to 10 days. From the Times:
Mayweather sought a split at least 60-40 in his favor, and Pacquiao (57-5-2, 38 KOs) expressed a willingness to meet that.
The parties have already agreed to stage the fight at MGM Grand Garden Arena in Las Vegas, and they’ve also agreed on a drug-testing plan. A date remains unsettled. It's believed the bout is being targeted for May or June.
In 2010, the two had finalized a full term sheet before a disagreement over drug testing broke the deal.
After defeating Chris Algieri in a lopsided welterweight title fight in November, Pacquiao said it's time to make a fight with the unbeaten Mayweather happen and that the fans deserve it.