Anthony Joshua’s Essex based promoter has confirmed that the proposed heavyweight fight with Tyson Fury will take place in June.
But a fight location is yet to be agreed upon with Qatar, Saudi Arabia, Dubai, Abu Dhabi, the USA, Australia, and Singapore all being mooted.
Hearn told the Mail: “The first draft of the contract has now gone out to Bob Arum, which is obviously a good thing.
“The contract reflects the positive nature of the discussions we have had so far around this fight.
“We now await their comments before we all move on to agreeing on a location. We hope to have something signed within the next two weeks.”
Hopeful projections see the fighters receiving a staggering £100m each after all necessary costs are paid thanks to site fees and pay-per-view cash.
The first fight will be split 50/50 with the rematch being 60/40 in favour of the winner.
On Monday, the Gypsy King’s US co-promoter Arum, 89, explained to talkSPORT: “I talked to Eddie.
“Eddie, with the Joshua people, will have the first draft of the contract to us on Tuesday.
“And then I will circulate it to Frank [Warren], to Tyson, and to the various lawyers.
“We’ll then get back to Eddie with our comments and I really believe that this is pretty much a no-brainer because everybody are professionals and want this to happen.
“So I think shortly we’ll be able to tie this up and then jointly select the site.”
Hopes were raised that the ‘Battle of Britain’ unification bout would take place on home soil.
But given the current uncertainty over crowds in the UK due to coronavirus, those plans have been scuppered.