Promoter Eddie Hearn told Sky Sports on Wednesday that WBC/Lineal Heavyweight champion Tyson Fury and IBF/WBA/WBO Heavyweight champion Anthony Joshua have reached an agreement to fight each other twice in 2021.
Specific dates and venues have not been finalized and contracts have not been signed, but Hearn said the sides have agreed on the financial terms. Two-fight deal, Tyson Fury versus Anthony Joshua next year.
"We have the mandatory Dillian Whyte that must be presented before this fight". We've been talking to [Fury's management team] MTK, giving them the assurances from Joshua's side.
While Hearn says good progress has been made, he admits there is still "a lot to overcome".
Tyson has won 30 fights in his professional career without losing a single one, while Anthony Joshua has 23 wins to his name with his sole loss coming against Andy Ruiz Jr.
Talks over an historic bout for the undisputed title began in early May. "One problem, i've just gotta smash Deontay Wilder's face right in the next fight and then we go into the Joshua fight...."
"The biggest fight in British boxing (history) has just been agreed", Fury said in a video posted on Twitter.
Arum said if the fight went ahead in New Zealand it would most likely be staged on a Sunday morning in November or December to maximise viewership potential in North America.
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He also said defeat for either man "would have a serious impact" on a Joshua-Fury showdown. "It means that everybody is working in the right direction to make the fight".
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'The most hard part of any deal is the financial element.
The heavyweight champions are set to meet for the first time in the summer of 2021.
"We have not signed contracts because there are still things to be resolved".
Fury, 31, knocked out Deontay Wilder in their February rematch and is contractually obligated to take part in a trilogy bout targeted for later this year, depending upon how the coronavirus pandemic plays out. "But they're two British guys, so in a dream scenario - especially for British fight fans - that fight would take place in Britain".
'There is a model in place that both parties are happy with'. "Obviously, there are still a number of obstacles to overcome in terms of the venue, in terms of a couple of broadcast details and of course both guys have a fight in between".
'It's the biggest fight ever in British boxing, ' he said. Should Fury-Joshua occur, it will be beyond huge.