Floyd Mayweather, speaking courtside at Sunday night's NBA All-Star game, has gone on record to deny that either he, or Manny Pacquiao, have signed a contract for their prospective 2015 fight.
Not so fast
Reports, by both The Telegraph and Washington Post, earlier in the day had suggested that the Filipino boxer had gone as far as to put pen to paper on a $250 million contract for the much-hyped bout - leaving just Floyd Mayweather Jr. to sign before an official confirmation could be announced.
Mayweather though poured cold water over the suggestion, telling TNT sideline reporter David Aldridge that the rumors were categorically untrue.
"I haven't signed yet, and he hasn't signed yet, you know," explained Mayweather. "It's just been speculations and rumors, but hopefully we can make the fight happen."
The latest update comes just weeks after Bob Arum, heading up negotiations for Manny Pacquiao, laid the blame for a lack of progress in negotiations at the feet of the US fighter.
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Still work to do
Whether the $250 million purse put forward in the original reports is correct remains to be seen, but clearly there is still some work to do before either boxer signs up officially.
Both Mayweather and Pacquaio have been making the right noises regarding getting a deal done sooner rather than later but it is the latter who has been pressing it as a matter of urgency since the turn of the year.
Indeed many believe Pacquaio has given in to practically every one of Mayweather's fight demands thus far - ranging from the proposed date (May 2nd) to it's venue (Las Vegas) and purse split (60-40 in Mayweather's favor).
The last remaining issue, which many believed had been overcome on Sunday afternoon, is thought to be the Network broadcasting rights.
Long time coming
The two steps forward, one step back feeling of these negotiations should come as no surprise to fans of the two boxers. Virtually ever since 2009, when a fight between the two was first mooted, there has been speculation, counter-speculation and failed negotiations.
Those involved still remain hopeful though that 2015 could be the year that Manny Pacquiao and Floyd Mayweather finally take their war of words into the ring.
With both fighters past their peak though after years in the ring, will the hugely anticipated bout even live up to expectations should it come to fruition?
Boxing fans let us know in the comments section below. Also have your say on who is to blame for the latest set back...