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With a mega fight with Floyd Mayweather Jr. a no go, indefinitely, Manny Pacquiao is moving on to the next one; the next one, being a 2011 bout with Shane Mosley.

According to reports, the two fighters are all but signed to meet May 7, 2011 in Las Vegas.

Manny’s promoter said Tuesday that the fight is a done deal.

“Shane has agreed to everything and now we’re circulating the paperwork for final signatures, the drafts have been sent to his lawyer,” says promoter Bob Arum. “Whether it gets signed tomorrow or the next day, it’s done.”

Pacquiao, 32, is coming off winning his record eighth title in November with a unanimous decision over Antonio Margarito at Cowboys Stadium in Texas.

In May, Mosley, 37, lost a lopsided unanimous decision to Floyd Mayweather Jr. Four months later, Mosley was humbled in a draw against junior-middleweight Sergio Mora.

Mosley also confirmed that his purse stands to be around $5 million against Pac Man. But with incentives, Mosley could wind up earning a career-high amount, surpassing the previous career-best of $7 million that he earned after his unanimous decision loss to Floyd Mayweather.

As recently reported, Floyd Mayweather Jr. has been arrested in Las Vegas just hours after a judge officially signed a bench warrant for his arrest.

Mayweather became wanted by police on Thursday (December 16) due to a criminal battery charge that was filed against him for an alleged dispute he had with a security guard in a parking lot back in November.

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