Filipino icon Manny Pacquiao and welterweight titlist Timothy Bradley Jr., whose June 2012 fight will go down as one of the most controversial decisions in boxing history, will meet again.

Bradley agreed to terms on Saturday, a week after Pacquiao did the same, to set up their sequel, which will take place on April 12 at the MGM Grand in Las Vegas, Top Rank promoter Bob Arum told ESPN.com.

"I finished the deal with Pacquiao last week and [Top Rank president] Todd [duBoef] finished with Bradley [Saturday]," Arum said.

Manny Pacquiao and Timothy Bradley, whose fight in 2012 ended with a controversial decision, will fight again in April. Joe Klamar/AFP/GettyImages

As part of the deal, Bradley, due to become a promotional free agent at the end of the year, extended his contract with Top Rank, duBoef told ESPN.com. Arum said that the formal news conference to announce the fight is scheduled for Feb. 4 in New York with a second news conference to be held in Los Angeles either the next day or two days later.

Arum said Pacquiao will be guaranteed $20 million -- a $6 million cut from the first fight -- and that Bradley would receive $6 million, a $1 million raise from the first fight. Both fighters will also be cut in for an upside of the pay-per-view profits, Arum said. The first bout generated approximately 890,000 pay-per-view buys, according to Mark Taffet of HBO PPV.

When Pacquiao and Bradley met the first time, also at the MGM Grand, Bradley was awarded a split-decision victory that gave him a 147-pound world title and left the world in stunned disbelief over the 115-113 scorecards he received from judges Duane Ford and C.J. Ross. Jerry Roth had it 115-113 for Pacquiao and even that was too close for many.