By Miguel Rivera

K2 Promotions' Tom Loeffler, who handles IBF, IBO, WBA, WBC middleweight champion Gennady Golovkin (37-0-1, 33 KOs), says their side is ready to finalize the rematch with Mexican superstar Saul "Canelo" Alvarez (49-1-2, 34 KOs).

Loeffler says the Mexican fighter has do only one thing to make it happen - agree to take the fight and sign the contract.

Golovkin and Canelo clashed back in September, at the T-Mobile Arena in Las Vegas, and the contest ended in a controversial twelve round split draw. The scores were 118-110 for Canelo, one judge had it a 114-114 draw, and third judge issued a score of 115-113 for Golovkin.

Loeffler and Golden Boy Promotions President Eric Gomez, on behalf of Canelo, are negotiating the terms for the rematch - being targeted for May 5 during Cinco De Mayo weekend.

"I've been in contact with Eric Gomez. Golden Boy says they want the fight, HBO says they wants the fight, Tecate - who are sponsors to Canelo and Gennady - they want the fight, everyone wants the fight. We're just waiting for Canelo to say 'yes.' On our side, on GGG' side, we said yes to the fight. GGG believes that he won the fight, he continues on as champion and wants to prove in the rematch, more clearly, that he's the true champion," Loeffler told ESPN Deportes.

"It's hard to say (how likely the fight is) until Canelo signs. We'll look for other options in the event Canelo decides not to fight, but (Golden Boy) will talk to Canelo when he returns of England, and all of the fans are waiting for this fight."

Regarding the venue, Loeffler says several locations are interested to steer them away from the T-Mobile Arena in Las Vegas.

"Dallas is very interested, Madison Square Garden is very interested, it will depend on the economic situation, but I think it would be good to go to another city to have different exposure with other fans, but if we have the option of Las Vegas, Gennady could go there for a second time," Loeffler said.