Juan Manuel Marquez has signed a contract to fight Manny Pacquiao on Nov. 12, the Los Angeles Times is reporting.
Todd duBoef, president of Top Rank, told the newspaper that the fighters’ third meeting would be fought at a catch weight of 144 pounds and probably take place at the MGM Grand in Las Vegas.
Pacquiao fought to a draw with Marquez at 126 pounds in 2004 and then narrowly outpointed his Mexican rival at 130 pounds in 2008.
Since then, Pacquiao has dominated his opposition at 140 and then 147 pounds. Marquez weighed in at 142 pounds and looked horrible in his one-sided loss to Floyd Mayweather Jr.
"I like the fight,” DuBoef told The Times. “How can you not after the first two fights? The thing I like best about this one is that the fans are encouraged by it.
"These guys have fought like gladiators over the course of their last 24 rounds together, and I believe we have another 12 more like that ahead of us."
Marquez will receive a guaranteed $5 million and a percentage of pay-per-view sales, according to The Times.
The next question: Which premium network – HBO or Showtime – will get the fight?
"We will evaluate whoever is providing the most assets in the publicizing and promotion of the event," Bob Arum told The Times on Wednesday.