Fury to fight Joshua in 2021

The pair now hold all the world heavyweight titles between them, with Anthony Joshua holding IBF, WBA and WBO heavyweight titles while Tyson Fury holds the WBC & Ring heavyweight titles.

Discussions over an undisputed world heavyweight title blockbuster match between the two fighters began in May and they have now agreed on initial terms for two encounters.

And now Hearn, who represents Joshua, has confirmed that the financial elements of a mega-money two-fight deal have finally been agreed.

"It's fair to say (Joshua and Fury) are in agreement regarding the financial terms of the fight".

"We have the mandatory Dillian Whyte that must be presented before this fight".

"We've been talking to MTK, giving them the assurances from Joshua's side that all the details on the structure of the deal is approved from our side".

While Hearn says good progress has been made, he admits there is still "a lot to overcome". He said, "From a common-sense point of view and without knowing how a deal works, everyone will say Britain is the place to hold the fight".

If Joshua and Fury can hold onto their titles, it would set the stage for an enormous unification bout.

The all-British bout between Joshua and Fury is likely to earn more than £100million, which will make it the most lucrative bout in the United Kingdom boxing history.

Arum said if the fight went ahead in New Zealand it would most likely be staged on a Sunday morning in November or December to maximise viewership potential in North America. Until the day we're given concrete clarification, the question of when Fury vs Joshua will fit in the annual schedule remains. We're moving in the right direction.

Heavyweight boxing could have a unified champion for the first time in more than two decades.

He added: "The first fight could happen next summer". We have agreed with Tyson Fury and the team, and we can now move forward with finalizing the smaller parts of the deal.

The heavyweights were working towards a third fight for July in Las Vegas, but the global coronavirus pandemic forced those plans to be scrapped and now they're fielding offers from countries eager to host the bout.

'There is a model in place that both parties are happy with'. Big shoutout Dan. He got this done.

Joshua is due to fight Bulgaria's Kubrat Pulev next, while Fury, 31, has a rematch due with American Deontay Wilder. "Both boys agree. The structure of the agreement has been presented and agreed by both parties".

Tyson Fury celebrates his win over Deontay Wilder.