Floyd Mayweather and Manny Pacquiao will fight for a second time. The pair first fought four years ago when Mayweather outclassed his rival over 12 rounds.
Mayweather has since retired before returning to stop Conor McGregor in the second-richest fight in history.
Pacquiao has continued his career with mixed fortunes but did outpoint Adrien Broner in January.
Mayweather revealed he will meet up with Pacquiao in the Philippines.
During the announcement, Dr Victoria Belo said: “He’s going to play basketball with Manny today,” to which Mayweather responded, “Yeah, in Resorts World.”
Mayweather, who underwent a skin-lightening procedure before the press conference, added: “I travel the world all the time and just to come to the Philippines again and be embraced by the Filipinos is amazing. Great place, great people, so positive.”