The upcoming fight of Manny Pacquiao may now be sealed as reports reveal that Chris Algieri has received an official offer from Top Rank to fight the Filipino boxer in Macau on November.

According to New York Daily News, Top Rank has already made a formal offer to undefeated Algieri to face Pacquiao for his next fight on November 22.

On June 14, Algieri defeated Ruslan Provodnikov to win the WBO welterweight title. Pacquiao, on the other hand, has outclassed American boxer Timothy Bradley during their April 12 rematch.

Algieri's promoter, Joe DeGuardia told New York Daily News that they already received a Pacquiao offer and that they are currently negotiationg with the opposite party. "And I expect that we're going to have a resolution within the next day or two," he adds.

The promoter refused to divulge other details about the deal but hinted that it is a "seven-figure" offer, New York Daily News reveals. Algieri will have to increase his weight to challenge Pacquiao's welterweight belt. The fight is expected to happen at the Venetian Casino where the Filipino boxer also fought and defeated Brandon Rios in 2013.

Top Rank CEO Bob Arum, meanwhile, told New York Daily News that he hopes that he could "button up" things with DeGuardia. "We're talking serious now with the idea of making the fight. It's not bulls***. Now, whether it gets made or not I don't know," he says.

The Top Rank CEO adds that he will discuss matters again with DeGuardia on Wednesday.

In another report, Bad Left Hook notes that there is a "new business direction" for Pacquiao that relies "less" on "fading American PPV numbers." It adds that this direction now focuses on the fighter's ability to make big money in Macau because of his schedule fights there. Pacquiao's camp seems to be conceding on the boxer's ability to draw pay-per-view money but is now finding a new avenue to "keep him profitable," Bad Left Hook adds.

For his part, Algieri is certainly a fighter to watch out for. He was on the far end on Pacquaio's list of opponents before his fight with Provodnikov but now is on the front-line after he defeated the Russian champ. Bad Left Hook highlights that the 30-year-old Algieri showed his "heart and determination" when he gave Provodnikov a serious beating.

For many boxing fans out there, the Pacquiao-Algieri matchup will certainly be something to look out for though it is not as hyped and sought after as the Pacquiao-Mayweather face-off. But who knows, both fighters might just surprise all of us with what they can bring to the ring come November.