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Floyd Mayweather, Conor McGregor Will Reportedly Fight August 26th

It looks like Floyd Mayweather vs. Conor McGregor is happening. No, really.

According to Yahoo Sports' Kevin Iole, Mayweather, who is 49-0 in his professional boxing career, will take on McGregor, who has not boxed professionally but competes in UFC. The fight is reportedly set for August 26 in Las Vegas, however a venue has not yet been picked.

Why is this happening? Other than the war of words between McGregor and Mayweather - it's money. The fight could make over $100 million for each fighter.

Here's more, via Iole:

It is a stunning development given that Mayweather, the greatest boxer of his era, had said he was retired after compiling a 49-0 pro record from 1996 through 2015. But with a fight which could pay each man in excess of $100 million, he reconsidered.

McGregor tweeted out a shot at Mayweather after the news dropped. He posted a photo of Mayweather's father instead of Mayweather himself - perhaps poking fun at his age. Mayweather is 40, while McGregor is 28.

The big question? Will the fight be competitive? Mayweather has never lost, while McGregor has never even boxed professionally. We'll find out in just over two months. Update: Mayweather has also confirmed the fight. ESPN is reporting that the fight will take place at the MGM Grand.

More as we learn it.