Gareth A Davies of The Telegraph reported that Pacquiao has "completed his contractual agreements," and that Mayweather "is set to sign" as well.
The fight is expected to be announced in the coming days, Davies reported, and it is possible that Mayweather himself could make the announcement ahead of the tip-off of the NBA All-Star Game on Sunday (Monday in Manila).
Davies cited a source close to Pacquiao who said the "Pacman" has "100 percent signed his side of the deal."
"It is now over to Mayweather to close the deal and announce the fight," the source added.
If the fight pushes through, it will likely be held at the MGM Grand Garden Arena in Las Vegas on May 2 and be worth some $250-million.
ESPN.com's boxing writer Dan Rafael, however, said fight fans could not yet celebrate despite the report. "Everyone remain calm," he tweeted.
"Mayweather-Pacquiao is nearing (the) finish line one way or other, but two sources involved said it is not done at this point," Rafael said.
Rafael was also informed by a source directly involved in the negotiations that Mayweather is "the one we need to worry about, not Manny."
Pacquiao last week began light training in his hometown of General Santos City in anticipation of his ring return.
The "Pacman" had triggered discussions when he called out Mayweather following his November 2014 demolition of Chris Algieri in Macau, and Mayweather responded by declaring he wants to fight the Filipino star on May 2.
Negotiations occurred in stops-and-starts, with Pacquiao at one point saying he had agreed to all terms and conditions, while Mayweather reiterated through social media that the fight has yet to be finalized.
The two superstar boxers also met by chance in a Miami Heat-Milwaukee Bucks game in Miami in late January, and then talked for an hour in Pacquiao's hotel suite that same night.
source: www.abs-cbnnews.com
