Anthony Joshua vs Deontay Wilder is the heavyweight bout we all want to see.

The two top dogs in the division have supposedly entered into negotiations in recent months, with Wilder's team said to have offered Eddie Hearn and his client $50m for the fight.

It was the same amount Joshua had quoted in an interview for the fight to happen in the USA, with the Watford-born fighter yet to fight overseas in his professional career.

There have been calls for him to follow in the footsteps of Ricky Hatton and Amir Khan, but it seems like it won't be happening for sometime.

That is because on Tuesday, Eddie Hearn revealed exclusively to the Telegraph that him, Joshua and his trainer Rob McCracken had decided against accepting Wilder's offer.

It's the first definitive answer we've heard in negotiations for some time and the reasoning behind the decision does make a lot of sense.

"One thing is for absolute certain, AJ wants Wilder next," Hearn said. "He’s made that clear. He also feels though, after talking to Rob McCracken, his trainer and manager, that this is a fight that should be delivered in the UK. One for the fans and two, he feels like he’s earned that right."

Hearn then discussed the $50m offer, revealing: "AJ’s not really swayed by an extra £10m or £15m. He’d rather do the fight over here in front of his fans. "

Hearn then stated that he is "70% sure" the mega-fight will happen, but said a lot hinges on Wilder's team.

"A lot of it depends on Wilder’s attitude towards it all. Certainly we don’t have a problem if Wilder was to win the fight, doing a second one in America. He would have earned that right.

"Wilder has boxed in Sheffield before. He agreed to box in Russia for $4m (£2.9m). When we sat down it seemed a little bit weird to be traveling over to the US for a fight of this magnitude with so much on the line.

"As a fighter, AJ doesn’t care where the fight is. He doesn’t know enough about the game. But Rob was like, 'Why go to America?' There’s a difference in going when it [the money] is not life-changing."

Joshua is willing to take quite a significant pay cut to get the fight arranged in the UK, as he knows the prospect of the first undisputed heavyweight unification fight in his homeland would create history.

Now, the ball really is in Wilder's court and if they fail to comply, Alexander Povetkin will be Joshua's next opponent.