Floyd Mayweather-Conor McGregor fight finalized for Aug. 26

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Unbeaten boxer Floyd Mayweather will fight UFC lightweight champion Conor McGregor in a much-discussed boxing match on Aug. 26 in Las Vegas, a well-placed source told Yahoo Sports on Wednesday. Mayweather is expected to make the announcement on social media as early as Wednesday.

Terms of the deal were not available, but it will either be at the MGM Grand Garden or T-Mobile Arena in Las Vegas. The Nevada Athletic Commission on Wednesday approved the request from Mayweather Promotions to put on a boxing card on Aug. 26 at the MGM Grand. The venue could change, however, to T-Mobile.

It is a stunning development given that Mayweather, the greatest boxer of his era, had said he was retired after compiling a 49-0 pro record from 1996 through 2015. But with a fight which could pay each man in excess of $100 million, he reconsidered.

Neither UFC president Dana White, Mayweather Promotions CEO Leonard Ellerbe or Showtime’s Stephen Espinoza could be reached for comment.