Floyd Mayweather and Manny Pacquiao are set to face off in May in Las Vegas, according to a new report.

Mayweather Vs Pacquiao?

Pacquiao apparently completed his contractual agreements Saturday, signing off on the $250 million fight, reported the Telegraph. Mayweather is expected to sign a contract in the near future and will subsequently announce the fight. It’s been suggested that the boxer might take the opportunity to announce the bout at the NBA All-Star Game at Madison Square Garden Sunday night.

“Manny has 100 per cent signed his side of the deal,” the source told Telegraph Sport. “It is now over to Mayweather to close the deal and announce the fight.”

The fight will reportedly be held at the MGM Grand Garden Arena in Las Vegas, where they’ve both held numerous fights. They’re expected to face off against one another there May 2, though two other dates are also supposedly under consideration.

The meeting of the two welterweight world champions is expected to break a number of boxing records, including all-time pay-per-view buy record of 2.4 million, the pay-per-view revenue record, and the all-time gate record.

Mayweather, who has gone unbeaten through 47 fights, will get 60% of the $250 million on the table for the fight.