On Tuesday, boxing promoter Eddie Hearn, confirmed that Anthony Joshua has triggered the immediate rematch clause in his contract, after his shock defeat to Andy Ruiz Jr.
Ruiz is set for a £10million payday, which is approximately double the purse he netted for one of the greatest upsets in the sport's history, according to SportsMail.
The terms were written into the deal ahead of the first fight at Madison Square Garden on Saturday.
Under that agreement, it is understood Joshua will also call the shots over the location second bout.
Ruiz, who is the new IBF, WBA and WBO champion, had suggested his native Mexico.
With November or December identified for the rematch, it is possible the fight will take place under the roof at Cardiff's Principality Stadium.
However, if the Joshua team opts to forego home advantage for the sake of restoring his reputation in the US, Madison Square Garden bosses are keen to stage the second bout.
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