The two biggest stars in boxing have been unable to finalise a clash in recent years, amidst rows over television network deals and blood tests, but talks have restarted about finally arranging the fight for 2015.
Pacquiao insisted he was willing to face the American after his November win over Chris Algieri and has backed up his words by accepting a deal for a proposed clash at the MGM Grand in Las Vegas on May 2.
But Mayweather is yet to agree a deal for the long-awaited showdown, which is expected to be the most lucrative clash in the sport???s history.
Carl Moretti, vice president of Top Rank, who promote Pacquiao, told ESPN.com: “Top Rank and Manny have agreed to the terms on our side. I don’t know about the other side.”??
Top Rank chairman Bob Arum is thought to have been holding talks over the past few months, with reports suggesting that the Filipino is willing to take a 40 per cent cut of the revenue.
Reports suggest that Pacquiao has overcome a number of sticking points after selecting the required gloves and also agreed to be tested by the United States Anti-Doping Agency.
“I think that Manny agreed to USADA testing shows you his eagerness to make this fight,” Moretti said.