The on and off fight between unbeaten American boxer Floyd Mayweather Jr. against Filipino boxing star Manny Pacquiao is on again according to the American boxer team.

It is believed that Mayweather’s adviser Leonard Ellerbe had a discussion with Mayweather Wednesday together with another adviser Al Haymon about the fight slated to be on May 5.

“Floyd made it very clear that he wants to give the fans the biggest fights that are out there. He wants to stay active,” Ellerbe said.

“We’re going to do everything in our power to make the biggest fight out there for the fans and we all know what the fight is.”

Ellerbe also informed Richard Schaefer, CEO of Golden Boy Promotions who helps promote Mayweather fights about the upcoming fight.

“I’m very excited that the sport’s biggest pay-per-view star is going to be back on May 5,” Schaefer told ESPN.com.

“We have informed the pay-per-view industry and I have the arena on hold. I’m excited to continue my relationship with Floyd and his team.

“It’s always fun to work with Floyd.”

American’s Mayweather is (42-0, 26 KOs), and were still fresh from his victory against former WBC welterweight champion Victor Ortiz last September 17.

Pacquiao (53-3-2, 38 KOs) is set to face Mexican counter-puncher Juan Manuel Marquez in their third fight since 2004 at the MGM Grand in Las Vegas on November 12.

Mayweather also wanted a 55-45 purse split in his favor, claiming he is the major attraction of the fight but Pacquiao said a 50-50 split will be a fair sharing.