Floyd Mayweather
via Bryan Horowitz / CC-BY-2.0

Over the weekend, reports surfaced that Manny Pacquiao had signed papers for the long-anticipated mega-fight with Floyd Mayweather, and is now waiting for Floyd to sign.

The Telegraph reported the bout was expected to be worth $250 million, citing a source close to Pacquiao.

However, Floyd cleared up things on Sunday (Feb. 15), during a TV interview during the NBA All-Star Game broadcast, denying the fight deal was finalized.

“No, that’s not true,” Mayweather said when asked. “Um, I haven’t signed yet, and he hasn’t signed yet, you know.

“It’s just been speculations and rumors. But hopefully we can make the fight happen.”

Despite the report, Pacquiao promoter Bob Arum and Showtime Sports vice president Stephen Espinoza said it was inaccurate… but said negotiations are in the final stages.

“I’m very optimistic,” Arum said Saturday. “We’re waiting to hear from Floyd. But from everyone’s perspective, it needs to get resolved this week. You have to start planning things, and there’s a lot that has to be done.”

Arum has also said Mayweather would be the one to announce the fight if it’s made.