(CNN) -- The world's top pound-for-pound fighter, Manny Pacquiao, will attempt to win a world title in a fourth division by taking on three-time world champion Miguel Cotto in his next bout. Manny Pacquiao will take on Miguel Cotto in his next fight scheduled for Novermber 18. The Filipino boxer will fight the 28-year-old Puerto Rican for the WBO welterweight title at the MGM Grand Garden Arena in Las Vegas, America on November 14 it has been confirmed. Promoter Bob Arum, who represents both fighters, announced that although contracts still need to be signed, verbal agreements have been given: "I'm very excited about this because it's a good fight for boxing [and] it wasn't difficult to do, because they both wanted the fight," Arum told the Los Angeles Times.
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Manny Pacquiao will fight Puerto Rico's Miguel Cotto in his next fight
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The Filipino will be aiming to win the WBO welterweight title
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The bout will take place at the MGM Grand in Las Vegas on November 14
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The "Pac Man" is currently rated the best pound-for-pound fighter in the world
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