Anthony Joshua could receive around 18 million euros to step aside and allow Oleksandr Usyk to face Tyson Fury after losing to the Ukrainian back in September.
Three months after his defeat at the Tottenham Hotspur Stadium, his promoter Eddie Hearn confirmed that Joshua had triggered a rematch clause.
However, according to The Telegraph, Joshua is willing to accept an 18 million euro fee to step aside in the event he is guaranteed a fight with the winner of Tyson Fury vs Oleksandr Usyk.
“I want to make the smart decisions and if the money is right we would have to look at it, but respect has more value than money,” Joshua said back in November.
“Will I take the step-aside money? If it’s a smart business move, will it affect my reputation and respect?
“Will I still get to fight the best fighters? Those are the three things I have to consider.”
Hearn admitted last week that there were talks between all parties in their bid to reach a collective agreement.
“We’re right in the midst of those negotiations,” Hearn told Boxing Social.
“I think he also said he’s not very confident that will happen. I still think there’s a chance of that. We’re still moving towards Joshua vs Usyk and Fury vs Whyte.
“But there are still people who would like to see Usyk fight Fury and there is a lot of money there for it.
And if there’s a lot of money in the pot and everybody can be taken care of and more importantly a plan can be put in place for those fighters then there is a chance of that happening.
“These are conversations that started a month ago, but they’re also very complicated conversations that take time, but right now AJ is focused on fighting Oleksandr Usyk.”