Anthony Joshua is set to accept a £15million step-aside fee to pave the way for Oleksandr Usyk vs Tyson Fury.
Joshua lost his heavyweight world titles at the hands of Usyk last year whilst Fury defeated Deontay Wilder to defend his WBC crown.
The pair will now look to face off for the undisputed heavyweight title bout, which is likely to place in the Middle East. Cardiff’s Principality Stadium has also been reserved for March 26.
Joshua had planned to activate his rematch clause with Usyk - but The Telegraph report that he is close to accepting a big-money offer to put that on hold.
A weekend of talks are said to have reportedly delivered a breakthrough in a deal that would almost certainly see Joshua fight the winner.
Purse bids for Fury to face his mandatory challenger, Dillian Whyte, have been delayed three times.