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Mayweather Vs. Pacquiao DEAL DONE ... Fight Set

EXCLUSIVE
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6:27 PM PT -- A source involved in the negotiations tells TMZ Sports both fighters have agreed to fight and a date and location (Vegas) have already been set.

The source says the formal agreement has not been signed but everyone expects the signatures "soon." Negotiators are putting "finishing touches" on the deal. 

update_grey_gray_barFloyd Mayweather has agreed to fight Manny Pacquiao ... multiple sources tell TMZ Sports ... who say the two finally came to an agreement moments ago. 

The two sides had been trying to hammer out a deal for a while to square off at the MGM Grand in Las Vegas on May 2nd. 

Manny had agreed to his contract weeks ago ... and it was all up to Floyd to sign on the dotted line. 

But now, after meeting in person at the Miami Heat game earlier this week ... we're told it's a done deal .. and the two sides will make a formal announcement in the coming days. 

Story developing ...

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