Lineal and WBC champion Tyson Fury has agreed in principle to a two-fight deal with Anthony Joshua, the WBO, WBA and IBF champion, in 2021, though no contract has been signed yet. "The hardest part is to agree to the financial element of the deal".
While Hearn says good progress has been made, he admits there is still "a lot to overcome".
Hearn said there are still many hurdles to climb, including a mandatory bout against Dillian Whyte, but added "It's fair to say (the two fighters) are in agreement regarding the financial terms of the fight". And it is from Fury's side, as well.
The British pair now hold all four major belts in boxing's blue-riband division and speculation of a blockbuster bout to determine the undisputed world heavyweight champion has been steadily building in recent months.
After Fury's knockout victory over Deontay Wilder earlier this year, boxing fans and pundits have been eagerly awaiting the announcement.
Joshua was fresh off a loss to Andy Ruiz Jr. that not only saw him lose his undefeated record, but also his three Heavyweight titles.
Joshua, the unified heavyweight champion, and Fury, the WBC and lineal heavyweight champion, are widely viewed as the best heavyweight boxers alive.
If Joshua and Fury can hold onto their titles, it would set the stage for an enormous unification bout.
Fury has since said on social media that he's "got to smash Deontay Wilder first then annihilate Anthony Joshua".
Both Queensberry and Top Rank, as Tyson's exclusive promoters, and MTK Global, his management team, agreed that this would be the best way forward due to the existing relationship between Eddie and Daniel. Despite all the hype involved with a Tyson Fury and Anthony Joshua face-off - not to mention the mountains of cash - Wilder and Pulev don't automatically take a back seat in terms of priority. In short, 2021's could be a very prosperous year for both parties. "I think we are in a great place where both boys have agreed on what should be". We are moving in the right direction.
The all-British bout between Joshua and Fury is likely to earn more than £100million, which will make it the most lucrative bout in the United Kingdom boxing history. He got this done, literally over the line", he continued, "Two fight deal. "The venue is another obstacle to overcome".
But the all-British unification fight will NOT be held on home soil, with Fury not now in possession of a British boxing licence.
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