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Bout of the Year Manny Pacquiao-Floyd Mayweather fight to be finalised soon - Bob Arum

The deal pitting Manny Pacquiao and Floyd Mayweather Jr against each other is close to being signed off.

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Top Rank promoter Bob Arum said the blockbuster bout between Manny Pacquiao and Floyd Mayweather Jr could be finalised in "the next couple of days".

Pacquiao (57-5-2, 38 KOs) and Mayweather (47-0, 26 KOs) met privately after Tuesday's Heat game in Miami, with the two boxing superstars reportedly discussing terms of their proposed May 2 fight for over an hour in the former's hotel suite.

The boxing community have long yearned to see the pair face-off in the ring and they are almost certainly set to get their wish.

Arum told the New York Post on Friday that the deal - set to be the richest in boxing history - is close to becoming reality.

"Everybody is doing the right thing," Arum said.

"We're looking to complete the paperwork. Everything is moving in the right direction. Hopefully, the next couple of days it will get done."

Arum added: "I think it helped a lot because we were all putting papers together, and there was still a question as to whether Floyd really wanted to do the fight or not.

"Based on the meeting with Pacquiao in the hotel suite, Manny and [Pacquiao adviser] Michael Koncz were convinced Floyd absolutely wants to do the fight."

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