Anthony Joshua is ready to turn down a £37million offer to fight Deontay Wilder in the USA by insisting their world heavyweight unification bout takes place in the United Kingdom.

Joshua's promoter, Eddie Hearn, told Telegraph Sport that a final decision over the staging of the fight will be finalised in the next three weeks. But Hearn said that Joshua, holder of the WBO, IBF and WBA titles, should be allowed to have home advantage against Wilder, of Alabama, who holds the WBC crown.

Joshua is prepared to take a pay cut of more than £7m to fight in front of his home fans. Wembley Stadium, Twickenham Stadium and even the Olympic Stadium are three possible venues for the blockbuster contest to take place, with the preference being for an outdoor venue to stage the fight in September.

"One thing is for absolute certain, AJ wants Wilder next," Hearn said. "He’s made that clear. He also feels though, after talking to Rob McCracken, his trainer and manager, that this is a fight that should be delivered in the UK. One for the fans and two, he feels like he’s earned that right."

Joshua has been offered a baseline of $50m (£37m) to face Wilder in America by the WBC champion's team, but Hearn insisted: "AJ’s not really swayed by an extra £10m or £15m. He’d rather do the fight over here in front of his fans.