Manny Pacquiao is expected to reveal his retirement plan at the same time as announcing his next opponent.
The Filipino icon, boxing's only eight-division ruler, has not fought since defeating Keith Thurman due to the pandemic but is expected to fight in 2021.
The front-runner is Mikey Garcia after talks about a showdown against Terence Crawford in the UAE collapsed.
Pacquiao's $40million request to fight "Bud" Crawford was seen as the reason behind negotiations breaking down.
A crossover contest with Conor McGregor also failed to come into fruition following the Irishman's devastating defeat to Dustin Poirier.
Having enrolled in VADA testing until 2022, there is a strong chance Pacquiao, 42, could fight twice this year and have a potential farwell bout in his native next year.
In the same year of a potential farewell fight, Pacquiao is likely to run for president in the Philippines.
The senator gave fans an update about his future.
"The negotiations are ongoing. I will not go into details so that there will not be any problems," Pacquiao said.
About retirement, he added: "We won't answer that for now, because that is part of the negotiations. That will be included in the announcement.''
"He will fight again, I feel, and from when I've talked to him, he wants to fight once or twice more,' Freddie Roach said.
"But the thing is, it could be anywhere from the U.S. to Saudi Arabia, anywhere. They were talking about Mikey Garcia and I said, "Yeah, that's the perfect fight for Manny".
"I think Manny will fight once or twice more before he becomes the president of his country. And then he will retire," Roach added.