By Rick Reeno

Golden Boy Promotions CEO Richard Schaefer is still working hard to finalize a welterweight title fight between IBF champion Devon Alexander and British star Amir Khan.

Schaefer recently traveled to Dubai to discuss the possibility of staging the fight over there.

Alexander is not jumping through hoops with the prospect of facing Khan in Dubai. However, money talks. If the right monetary offer is placed on the table, Alexander's management have indicated to Schaefer that Dubai or another other part of the world would be no problem.

The target date is December 7th. If Dubai falls through, there is heavy interest in the UK to stage Alexander-Khan. Additionally, Schaefer has placed Brooklyn's Barclays Center on hold.

Schaefer also threw water on the circulating rumors that Khan is a free agent and allegedly negotiating with rival promoters.

"First of all, Amir is under contract with Golden Boy. We would like to do a fight between him and Devon Alexander. It's a fight he wants. It's a fight Devon wants. It's a fight that I've been evaluating for Dubai. I went to Dubai and had some very productive meetings there. Obviously we need to get paid the appropriate amount of money to get this fight to Dubai," Schaefer told BoxingScene.com.

"Devon Alexander will fight Amir Khan anywhere, as long as he gets paid. If he's going to get paid the same amount of money for Dubai, as he would for fighting in the United States, then of course it goes without saying and rightfully so - why would he want to fight anywhere but the United States. If its lucrative for him, and its substantially more money for him, he doesn't care where he fights Khan - whether its in Dubai, whether its in the UK, wherever it is."

"We have to wait on Dubai. I'll know one way or another in a couple of weeks. I had productive meetings and I was talking with the right people in Dubai. Alternatively there is interest in the UK [to stage the fight] and again it comes down to money. This fight can go to the UK as well. We are also holding the Barclays Center on December 7th, so that's another possibility. We just have to see what's going."