Floyd Mayweather and Conor McGregor have reportedly agreed terms for their anticipated superfight.
The undefeated boxer and UFC champion have been verbally sparring for months creating some massive hype surrounding whether or not they would actually end up in the ring.
Now, Mayweather has stated to ESPN's Stephen A. Smith that "we're getting very, very close" to the fight.
The 39-year-old retired five-division boxing champion will be up against 28-year-old UFC lightweight champion, McGregor, who only obtained his boxing license in December and has never boxed professionally before.
Nevada State Athletic Commission chairman Anthony Marnell has confirmed that the commission is aware of negotiations between the pair but admitted there are still several challenges ahead.
"There is a lot of real stuff going on," Marnell said.
"It still seems like a long shot, but when there is a lot of money involved, people tend to figure it out. There are a lot of cooks in the kitchen, but I'm not sure if we're going to eat.
"The Nevada Athletic Commission, in my experience, has always been well-briefed by all parties on an event or potential event that may take place in Las Vegas.
"We are aware of conversations and information that has been disclosed and not disclosed in the media. Whether these conversations will get to a point that a fight happens, I can't tell you."
Marnell also mentioned that, "people are under certain contractual obligations that need to get figured out".
The contractual obligations that Marnell may be speaking of could be McGregor's contract with the UFC and President Dana White's reluctance to cut the organization out of the deal.
The UFC President told the Telegraph: "[McGregor is] under contract with me. How would I let somebody take this guy that I built and do it without me? That would be the stupidest move in history".