Manny Pacquiao in Hong Kong
Boxer Manny Pacquiao (C) of the Philippines trains during a media workout in Hong Kong October 27, 2014. Pacquiao is on tour ahead of defending his WBO World Welterweight title on November 23 against Chris Algieri of the U.S. at the Venetian's Cotai Arena in Macau. Reuters

Boxing fans may be getting tired of the cul-de-sac chronicles in the much-anticipated fight between Floyd Mayweather Jr. and Manny Pacquiao. While it appears that course of the Mayweather-Pacquiao fight could be leading nowhere, a new report has emerged claiming that both camps are certainly making progress and that a deal could be finalised in less than two weeks.

A reliable boxing official, who is reportedly involved in the Mayweather-Pacquiao negotiation, told the Los Angeles Times that progress are being made after the latest rounds of discussion. It is anticipated that the deal could get finalised in "seven to 10 days." The source refused to be identified because of the fact that no one is really permitted to speak about the said super fight in the open.

So far, both Mayweather and Pacquiao's camps have agreed to hold the fight at the MGM Grand Arena in Las Vegas. In addition, both fighters have also settled on a drug-testing deal. However, the date of the Mayweather-Pacquiao fight is still no final, though it is alleged that it may take place in May or June.

Pacquiao's adviser Michael Koncz has said that they are giving Mayweather until the end of January 2015 to decide if he wants to pursue the super fight or not. Otherwise, Pacquiao will be eyeing on other opponents for a potential fight in April.

Veteran promoter Top Rank's Bob Arum has previously revealed to Philippine news outlet Manila Standard that they are making important progress across a range of issues especially purse split. He didn't reveal how much green stuff both camps are asking though.

"The talks are slow, but at least there is movement," Arum said. "It's always about the money, until a deal is made and contracts signed, we'll never know."

It is evident that it is not going to be simple for the Mayweather-Pacquiao fight to be finalised in light of the fact that Mayweather has a perfect record to protect. Arum and the rest of Pacquiao's team must work harder to find ways to tilt the negotiation in their favour to make the long-overdue fight finally take place.

To reach the author of this article, email r.corpuz@IBTimes.com.au.

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