Amir Khan still thinks he will fight Manny Pacquiao
The legendary Pacquiao is planning a series of four farewell fights all over the world before he hangs up his gloves.
And last month, promoter Bob Arum revealed that his boxer had entered negotiations with investors from the UAE who wanted him to fight Khan in the Middle East.
However, Arum confirmed yesterday that the mooted offer of £31.1million to stage the fight in Dubai or Abu Dhabi had not materialised.
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"[The deal] is dead," Arum said.
"I'm talking to Manny about another proposal for another fight, not Khan.
"Khan won't be his next opponent."
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But Khan, who walked away from negotiations for a title fight against fellow Brit Kell Brook earlier this year, does not apparently believe the deal is beyond rescue.
"They are still confident of the fight happening," a source told ESPN.
"If it is going to happen, something will happen [be agreed] in the next couple days.
Manny Pacquiao fought Jessie Vargas in November, his most recent bout
Amir Khan lost to Canelo Alvarez on his last outing
"There are a group of people with businesses in the UK who Amir knows well, and they are handling the negotiations for the Pacquiao fight for him.
"They are still confident that it can materialise.
"They think the money in the UAE is not an issue.
"There are people in the UAE keen to have the fight on."