![Floyd Mayweather and Ryan Garcia [right] are supposedly in talks for a showdown](/img/v1/1920?src=https%3A%2F%2Fphoto2.boxingscene.com%2Fuploads%2Ffloyd-mayweather-and-ryan-garcia-right-are-supposedly-in-crop-16x9-lhhyyb.webp)
Manila - WBO welterweight champion Manny Pacquiao told local reporters that a much-anticipated fight with WBC/WBA champion Floyd Mayweather Jr. was "near" after both fighters agreed on all of the major points.
"(The fight) is near. The negotiations are nearly finished," Pacquiao said. "We agreed that this fight has to happen. We are ironing out the kinks. He (Mayweather) said he wants the fight to push through."
Boxing fans have for years been clamouring for a showdown between Pacquiao and Mayweather, the two "best pound-for-pound" fighters of their generation.
Pacquiao is 57-5 with two draws and 38 knockouts, while Mayweather is 47-0 with 26 knockouts.
In his comments on Monday, Pacquiao declined to say how much the deal would be worth and gave few other details. However he said a rematch clause in the contract was unlikely.
Pacquiao's promoter, Bob Arum, last month ignited buzz over the fight occurring in Las Vegas in May when he said negotiations in the contracts had been "narrowed down to extraordinarily small points".
Among the many factors that have prevented the two from getting into the ring in the past was a demand by Mayweather for a bigger share of the fight's revenues.
Another issue that needed to be resolved was the fighters' contracts with rival television networks. Mayweather is contracted to Showtime while Pacquiao has a deal with HBO. But there is a precedent. The last time Showtime and HBO made such a deal was for a Mike Tyson-Lennox Lewis matchup in 2002.