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Floyd Mayweather Jr and Manny Pacquiao 'set to announce' mega fight

Floyd Mayweather Jr and Manny Pacquiao are expected to announce a fight in May, according to reports.

Floyd Mayweather Jr and Manny Pacquiao have agreed a deal for them to finally fight, according to reports.

The pair, widely considered to be the two best boxers in the world, have reportedly been negotiating terms for a bout since 2009.

Both men have stepped up their interest this year, and The Telegraph claims that Pacquiao has agreed to a deal that Mayweather is expected to sign within the next week.

The report says that the fight it is likely to take place at MGM Grand Garden Arena in Las Vegas on May 2 and could be worth around £162m.

Mayweather is unbeaten in 47 fights, while Pacquiao has lost five times in 64 bouts.

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Floyd Mayweather Jr. celebrates after defeating Marcos Maidana by majority decision in their WBC/WBA welterweight unification fight at the MGM Grand Garden Arena on May 3, 2014
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