Top Rank's CEO Bob Arum has double-downed on his position of distancing himself from a potential rematch between Floyd Mayweather and Manny Pacquiao.

Arum's company was the co-promoter of the first contest, which took place in May of 2015 - and Mayweather won a twelve round unanimous decision at the MGM Grand in Las Vegas.

The contest brought in a record shattering 4.6 million pay-per-views buys, with over half a billion in revenue.

On Thursday, BoxingScene.com reported that Pacquiao signed on with Mayweather longtim adviser, Al Haymon.

The two boxers were spotted together last month at a concert in Tokyo, and they both began openly discussing the idea of a rematch.

If a rematch takes place, it wouldn't likely go down until the first half of 2019.

Arum had promoted Pacquiao for over a decade, but the eight division world champion became a free agent last year.

If they come to him for help with a rematch, Arum claims that he will take a pass.

"I don't want any part of it. They're past their prime. It'll do good at the box office. It'll make money, which is fine. But, they're not elite fighters anymore," Arum told TMZ Sports.

"It's a money grab. Business is business. It's good money for each of them. You can't begrudge them, but they're not elite anymore."

Pacquiao was in action back in July, when he stopped Lucas Matthysse to capture the WBA "regular" welterweight title. Mayweather hit the ring in August 2017, when he stopped UFC superstar Conor McGregor in the rounds. After that fight, Mayweather announced his retirement from the sport - but is now open to the idea of coming back for a big money Pacquiao fight.