Joseph Parker vs Anthony Joshua likely to be announced this week

Anthony Joshua - confused by the mouth of the south. Photo / Axel Heimken / AP

Joseph Parker vs Anthony Joshua, the highly anticipated heavyweight world title unification fight, is likely to be confirmed this week after Parker's promoter David Higgins flew to the UK for a face-to-face meeting with Eddie Hearn.

The two camps are expected complete contractual talks for the contest in the coming days.

The fight could generate in the region of £35million (NZD66m), and although the split of the purse has remained publicly undisclosed by both camps, it is understood that that Joshua will be in line for around 67 per cent.

Parker's team appear to have settled for a 33 per cent divide after weeks of wrangling.

Higgins spoke to Telegraph Sport last night stating that he was "flying to London now to hopefully finalise the deal" having spent last week going over a contract emailed to Duco Events from Hearn which both sides are close to agreeing for the fight to go ahead.

This week will be spent "fine-tuning the details face to face", according to Higgins, with the contest pitting Joshua's WBA and IBF belts against Parker's WBO crown. With Parker himself and other Duco Events staff expected to arrive on Thursday, signs are that the deal announcement is imminent.

Both fighters are undefeated: Joshua 20-0, all by stoppage; Parker 24-0, with 18 KOs.

Hearn told Telegraph Sport last weekend that The Principality Stadium in Cardiff on March 31 remains the front runner to host the fight - the same venue where Joshua defended his belts against late replacement Carlos Takam in October last year, earning more than £15million for his tenth round stoppage. Twickenham Stadium, at a later date, and other open air football stadiums are also in the running.

Telegraph Sport understands that there is a chance that the fight contract may be made this week, but the venue itself may be finalised after further negotiation.

But Hearn did rule out the Nou Camp, Barcelona's football ground, as a possible venue with the idea having been mooted in the past fortnight.