A highly-anticipated rematch between Canelo Alvarez and Gennady Golovkin is reportedly close to being agreed for Saturday 5th May, 2018.

Back in September, the two Middleweight giants shared 12 captivating rounds in Las Vegas, ending in a controversial draw despite Golovkin appearing to edge the fight in Las Vegas.

Eric Gomez, president of Golden Boy Promotions, told the Los Angeles Times that a deal should be reached "within the next few days".

"We’ve exchanged contracts. We’ve gone through three revisions. I’m hoping for the last revision and we’ll see,” Gomez said at Lucas Matthysse's media workout on Thursday.

"All the major points have been worked out. There’s some details that are important, but they’re not the major points."

However, just a few hours after that story broke, Golden Boy's CEO Oscar De La Hoya played down the reports. He stated that the second bout is "not done and not close to being done" and will only be finalised "if and when Golovkin agrees to the rematch".

So while negotiations are developing, there are still clearly are a number of finer points to decide before anything is official.

One of those points is the venue. New York's Madison Square Garden, the Dallas Cowboys stadium in Texas and the T-Mobile Arena, where the first fight took place, are all being considered.

De La Hoya, Canelo, GGG

Golovkin's promoter, Tom Loeffler, recently appeared on 'The Next Round' podcast and explained why a deal hasn't been agreed yet: "There's never been a hard deadline. Part of the hold up was that Canelo was out of town for an extended period of time after the fight.

"I think Eric and I could've probably finalized the fight within about two weeks of the last fight but we had to wait for Canelo to get his feedback and now Gennady is in Kazakhstan. So it's a little bit of a back-and-forth on logistics for guys that have their teams internationally. We're not all at one table sitting here in L.A," added the American.