It's on. The long-anticipated fight between Floyd Mayweather and Conor McGregor will take place on August 26 in Las Vegas.

Financial terms between the two fighters have not yet been disclosed. The bout will most likely take place at the MGM Grand Garden or T-Mobile Arena.

Floyd Mayweather is set to defend his unblemished 49-0 career (26 knockouts) record in the cross-discipline event which has been the subject of unparalleled hype in recent months. His opponent, McGregor boasts a 21-3 record in UFC with 18 knockouts.

Both fighters took to social media to confirm the latest round of speculation - with McGregor sneaking in a joke at the Mayweather family's expense for good measure.