It’s being reported today that UFC superstar Conor McGregor and boxing legend Floyd Mayweather Jr have agreed financial terms for their much talked about boxing match.

The Sun newspaper are reporting that representatives of McGregor had been working out the terms of the deal with Mayweather’s team recently, and ‘The Notorious’ flew to the U.S. himself yesterday in the hopes of finalizing the arrangement, while also filming an anti-bullying video for the Nevada State Athletic Commission.

However, according to the newspaper’s source at McGregor’s SBG gym, due to a “third party hold-up” the contract has not yet been signed, but there are hopes it could be announced within the next two weeks.

That third-party is almost certainly the UFC, who currently have McGregor under contract, and only last week Dana White had appeared to rule out any chance that the mega-fight would take place under his watch.

“It will never happen; that’s not even possible. He’s under contract with us. You have a contract for a reason.

“Let me tell you what, there are a lot of contracts out there, no matter what business you are in – UFC or whatever – and it’s pretty tough to get out of a contract.

“And if that’s what Conor wants to do (fight Mayweather), he’s got four fights left. He’s got four fights left with the UFC. Fight your four fights and, you know, go out and do what you want to do.”

That being said, not so long ago White made an offer on ESPN to pay both Mayweather and McGregor $25 million each to make the fight happen in the UFC, suggesting that they are interested in making the fight happen, although on that occasion the boxer laughed off that offer as being well below the figure he had in mind.

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Ross launched MMA Insight (previously in 2009 as a way to channel his passion for the sport of mixed martial arts. He's since penned countless news stories and live fight reports along with dozens of feature articles as the lead writer for the site, reaching millions of fans in the process.