(SportsNetwork.com) - The wait is apparently over, boxing fans.

According to England's The Sunday Telegraph, one of the most anticipated fights in boxing history will likely take place May 2 in Las Vegas between Floyd Mayweather Jr. and Manny Pacquiao.

Fans and analysts alike have long voiced their desire to see a meeting between two of boxing's biggest draws and best fighters, but monetary issues have held up the possible fight on numerous occasions over the years.

According to the Sunday Telegraph, Pacquiao completed his contractual agreements Saturday and Mayweather is set to sign soon.

The fighters will split $250 million for the fight, according to the report, with Mayweather expected to get 60 percent of that purse.

Mayweather (47-0) is coming off back-to-back wins over Marcos Maidana while Pacquiao (57-5) has won three straight fights since losing consecutive bouts to Timothy Bradley and Juan Manuel Marquez.