Speaking to Michael Marley of examiner.com, the ageless promoter said the fight would be held at a catch weight of 145 pounds, and with Cotto’s WBO welterweight title on the line.
"Everything has been decided and agreed to," Arum told Marley. "Cotto is defending the title and the weight limit (will) be 145 pounds."
Earlier reports said Cotto was not keen on putting his welterweight strap on the line, mainly because the Puerto Rican did not want to pay the sanctioning fee required by the WBO.
Cotto also reportedly insisted on a 147-lb weight limit.
"There are no (more) disagreements or problems. Now, everything is cleared up," Arum added.
This development opens up a rare opportunity for Pacquiao to become the first boxer in history to win seven world titles in as many divisions -- having previously wrested the WBC flyweight, IBF super bantamweight, Ring Magazine featherweight, WBC junior lightweight, WBC lightweight and IBO junior welterweight crowns.
Arum added that tickets for the Pacquiao-Cotto bout will be available for sale on Aug. 17.
Source: philstar.com
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