By Steve Kim

A deal has been struck between Sergey Kovalev and Andre Ward to meet at some point in the last quarter of 2016. Kathy Duva, the head of Main Events, confirmed it on Saturday morning in Las Vegas as she met with the media who are in town for the Miguel Cotto-Saul Alvarez fight at the Mandalay Bay.

As for the parameters of the deal, Duva told BoxingScene.com. "It's for them to get in the ring and fight at some point next year," she said, laughing.

"We've agreed on all the terms, everything is laid out and we're not going to talk about all the particulars, yet, it's a year away and a whole lot can happen between now and then."

Kovalev,who holds multiple belts in the light heavyweight division, is scheduled to face Jean Pascal in a rematch on January 30th at the Bell Centre in Montreal on HBO.

"If all goes according to plan he'll have one more fight after January before facing Ward,''explained Duva.

It's not clear when Ward, who was scheduled to face Alexander Brand on the Cotto-Canelo undercard, will make his 2016 debut.

Kovalev-Ward should it come to fruition will be on pay-per-view.

"Absolutely,"said Duva on Saturday morning,"you got the two best fighters in the world facing each other. Two of the best pound-for-pound fighters, top five, top three on some people's list. When you have the best, you can sell that.Yeah, that's sellable and that's a great event."

As for where this match-up might take place, Duva stated:

"We've already had conversations here in Las Vegas and conversations have been going on in New York with the (Madison Square) Garden and I'm sure there will be others between now and then."

There is an agreement in the contract that Oakland (Ward's hometown) and Russia (Kovalev's home country) are ruled out as potential fight locations.

Steve Kim is the news editor for BoxingScene.com