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“As I said the fighters have both agreed to fight each other next without any interim fights.”
No date or location has been set – with the Middle East though to be the frontrunner ahead of the UK.
But Arum has said he expects it to take place before the end of April next year.
He continued: “Now the question is what’s the date and what’s the site. But that fight is definitely going to happen and it will happen in the first four months of next year.
“We are balancing a couple of significant offers from the Mid East and also there’s the possibility of doing the fight in the UK at Wembley [stadium] with a massive 95,000 crowd in attendance.
“Fighters have a relatively short life and money is important.
“So if the money which has been proposed to us is real that has to be taken into consideration.
“To go back to Wembley and do a fight before 95,000 people for me really stirs up the blood. It would be crazy. It would just be wonderful.”
He then finished: “We’ll have it all sorted out. I hope maybe by the end of the year.”
Both Usyk and Fury are undefeated as professionals – with the Ukrainian 20-0 and his British counterpart 33-0-1 – the one being a controversial draw with Deontay Wilder back in 2018.