Eddie Hearn has claimed a site deal could be in place for Anthony Joshua against Tyson Fury by the end of next week.
The promoter is pitching the undisputed heavyweight clash around the globe in a bid to get the fight on in July.
Hearn refused to reveal where he was in the world as he spoke to the media after claiming he was going to jet to a number of locations to hold talks.
Saudi Arabia remains the favourite to host it but the Matchroom chief still refuses to rule out Wembley if the UK government can give assurances on a being allowed a full capacity.
He said: “We always had a time frame in place in the agreement that everybody signed.
“That can be extended but it's not the intention to extend it and we are all working to that time frame.
“Really I think end of next week it will be done.
“Talks have progressed extremely well and we're closing in on securing the venue and there will be an announcement in due course.
“We're at the stage where it's probably best not to say much more than that.
“Wembley is not out of the running but having spoken to them they have to be in a situation where they need full capacity and their first job is trying to get that for the Euros.
“If we can be guaranteed that it may enter some discussion but I don't think so.”
Hearn says both fighters will be presented with a number of options next week on a site deal which will include details on how much they'll earn from each.
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He said: “We can't wait. AJ has started his training camp and Fury has been training very hard.
“They all want the fight.
“They are going to be presented with a few proposals on where to do the fight and everyone has to agree on where to do it.
“There is no other fight out there that comes close for either guy. July is the date.”
Hearn is also in talks with WBA, IBF and WBO champion Joshua about extending his contract with Matchroom Sport and Sky which were both due to expire in July.
“There are extensions on that, ongoing discussions as well, and there will be some interesting news on that soon about a new partnership with us but that has got a little bit longer,” Hearn added.
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“Obviously with the force majeure and the delay in fights it puts it back but he has one fight left with Sky.
“Hopefully his two fights with Fury which are due to take place this year, there's no reason why they wouldn't be on Sky regardless of what we are doing anyway.
“On Joshua's contract, I'm not going to go into that but there will be some news on that soon as well.
“I'm confident he is staying with us, he is a huge part of the business and we are a huge part of his.
“There is a much deeper partnership that we are involved with moving forward and there will be a big announcement in the next couple of months.”
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