Finally, the dream bout that the world has been waiting for will come true.

A report from the Telegraph reveals that both Floyd Mayweather Jr. and Manny Pacquiao have agreed and come to terms to face each other on May 2, 2015. The richest fight in boxing history is said to be worth around $250 million and will take place in Las Vegas.

To recall, Pacquiao has already mentioned in a report from local Philippine news tabloid Tempo Sports that the fight is already a done deal.

But that initial report drew the ire of many fans since it only reported that Pacquiao is only awaiting the signature of Mayweather which practically was in the same state as it had been ever since the two fighters met personally by accident in South Beach.

However, a couple of days earlier, the Telegraph reported that the fight is as good as done. And further adding flame to the fire was the fact that Mayweather was in New York attending to be among the many basketball fans for the NBA All Star Weekend.

The report further added that indications point to Mayweather possibly making the big announcement before the NBA All Star game gets underway.

While the setting seems to be good ground to make the announcement official, it will be recalled that the same anticipation was put up in the air in the last Super Bowl. And as most people know, nothing happened.

However a source from the said report says that the deal is as good as done hence the brouhaha that Mayweather will take the spotlight for a short time to make the announcement.

If the fight finally pushes through, Mayweather will receive 60% of the fight purse while Pacquiao gets 40%.

But of the two, Mayweather stands to suffer if he loses and suffers a defeat at the hands of the Filipino boxer who has so far been showing impressive performances since being knocked down by Juan Manuel Marquez back on December 8, 2012.