Floyd Mayweather-Manny Pacquiao rematch `not happening`: Bob Arum

Washington: To all the boxing enthusiasts, Floyd Mayweather versus Manny Pacquiao rematch is not going to happen, it has been revealed.

Manny's promoter Bob Arum said that there were no negotiations or discussion between the two boxers, adding that because of the scheduling, he doesn't think it was possible for it even to happen, TMZ reported.

Arum noted that Floyd Mayweather had retired for good.

Earlier, sources have revealed that Pacquiao told reporters he was in negotiations for one final fight and his team was in talks with Mayweather's team.