Jas Mathur, CEO of Manny Pacquiao Promotions, confirmed the development during an interview with The Ring on Friday afternoon.

Pacquiao and Mayweather, the two living boxing legends who met in the richest fight of all time in 2015, had been scheduled to fight in Las Vegas on September 19 in a colossal rematch on Netflix.

However, the fight has now been postponed indefinitely as the Pacquiao camp released a statement declaring that a "a volatile mix of federal lawsuits, scheduling overbooks, and financial gridlock completely surrounding the Mayweather camp" left them no choice.

Now Mathur has revealed that Pacquiao will still look to press ahead with a different fight.

He said: “We're working on it. We're looking at different options, we're looking at different things.

“We want to be very careful. Of course we are under contract at this time, but yes, we are working on trying to get an alternate fight as well or something in place for Manny at this moment.

“But we want it to be the right opportunity with the right partners and also so he has enough time for his camp against Floyd.”

On the original September date, Mathur confirmed: “It’s actually being postponed from September. That’s obviously due to all the lawsuits and legal issues going on at the moment. CSI put it all out in the open 10 days a go.”

Mayweather, who retired at 50-0 in 2017, had been set to return to the ring in an exhibition bout against Greek kickboxer Mike Zambidis in Athens this weekend but that was also postponed after CSI Sports Events sought an injunction against it.

As reported by The Ring this week, CSI, the company that Mayweather was contracted with for bouts against Mike Tyson and Pacquiao, filed a lawsuit alleging breach of contract while filing an emergency injunction petition to stop the Zambidis fight completely.

Mathur said: “All of these things are intertwined, like Floyd's fight against Mike Tyson, Floyd's return to pro boxing, the Manny Pacquiao fight, which is the one that I have most interest in. And of course, the Greece fight. Everything is kind of intertwined together just based off how the contracts were done and how the deals were structured.”

Mayweather is also facing two felony charges alleging theft and intent to defraud by passing a bad check to purchase a $200,000 watch in Las Vegas, Nevada court reports confirmed.

Even so, when asked whether he expects Mayweather-Pacquaio II to take place, Mathur said: “Yes I do.

“The first one took five years to put together and this won’t take that long. There's a lot of reasons why the fight is going to take place and why it should take place. No one can ever give a guarantee to anything but are we optimistic.

“Everything aligned for this fight to happen provided that money goes where it needs to go and doesn't get misappropriated. If X needs to go to Floyd, it needs to go to Floyd. If X needs to go to Manny, it goes to Manny. Because in the end it is a business and they are doing this to make money at the same time.”

But Mathur does also believe that the negotiations may require a fresh start with the current deal currently resembling a housefire.

“People often say, ‘Hey, why can't we, why can't we make it? Why can't we just make it happen? Why can't everybody come to the table? Why can't everybody be rational? Why can't we just sit down 15 people in a room and solve it?’

“But when you have a lot of egos and you have an event like this, everyone wants to prove their worth and everyone wants to be that person. So sometimes you have to take a few steps back, let things happen. If a house is already half on fire, let it burn to the ground.

“You’re not going to save the house when it's half on fire already. So let it burn to the ground and then we rebuild it. And that's what's happening right now in front of everyone's eyes.

“I think the biggest issue that we've had across the board is A: too many chefs in the kitchen. B: not enough people with experience, I would say combination of the sport boxing as well as just business overall and being able to mediate and resolve matters. If there's too many people and they're having trouble communicating or more so comprehending one another, that's where the problems lie.

“And of course, there were certain things that were done that are just beyond communication or comprehension, just straight up double dealing that should have never happened to begin with. And that's what resulted in where we are. But the outcome, we are confident and based on everything that's going on behind the scenes, that is going to be positive at the end of this.”

Pacquiao hasn't fought since July 2025, when he returned at the age of 46 to challenge Mario Barrios, then the WBC welterweight champion. The bout ended in a majority draw.

Mayweather hasn't been in the ring on a professional basis since August 2017, when he beat UFC superstar Conor McGregor via 10th-round stoppage. He has, however, competed in various exhibitions since, most notably against internet sensation Logan Paul.