By Miguel Rivera

The negotiations to finalize the rematch between Canelo Alvarez and Gennady Golovkin will continue to progress and there are less details to agree on for confirmation of the fight, which would take place in May 2018 during Cinco De Mayo weekend.

Eric Gomez, president of Golden Boy Promotions, who promote Canelo, said his company will continue talking and signing this rematch fight is the main objective of both parties. He said that in the coming weeks they would present a possible preliminary agreement to continue the process of confirming the fight.

"(Everything) is going very well, we're fine, we're talking, there's one detail that has to be fixed and fine-tuned and in the next few weeks we're going to sit down with Canelo to present everything to him and he's going to make the decision," Gomez explained to ESPN Deportes.

Canelo (49-1-2, 34 KOs) and Golovkin (37-0-1, 33 KOs) collided in the ring back in September at T-Mobile Arena in Las Vegas.

After twelve rounds of action, the bout ended in a controversial twelve round split draw, with Golovkin retaining his IBF, IBO, WBA, WBC middleweight titles.

As the biggest fight of the year, next to Mayweather vs. McGregor, fans began clamoring for a rematch. To get as much hype as possible, one would figure that both sides would look to reach an agreement sooner than later to give themselves additional time to promote the contest.

There is the idea that Golden Boy may wait until the aftermath of next month's bout between David Lemieux and Billy Joe Saunders, who battle for the WBO middleweight title. If Lemieux - also promoted by Golden Boy - wins the WBO belt, then he can be used as a bargaining chip to gain more favorable terms from Golovkin's side.

The location for Canelo-GGG II would figure to have Las Vegas as the frontrunner to host the contest. Possible other venues include ATT Stadium in Arlington Texas, although New York and Los Angeles are not ruled out.

"We have not touched on that yet. The important thing, right now, is to reach an agreement and then to see the arenas," said Gomez.