The 43-year-old legendary former world champion is to hold talks over a fight against French former sparring partner Jaber Zayani in Riyadh.
“We will just start discussions,” Pacquiao, who previously ruled out a return to professional boxing, said by telephone from his home city of General Santos where he is preparing for a charity bout against a South Korean YouTuber.
Pacquiao ended his 26-year boxing career with a points defeat to Cuban Yordenis Ugas in August 2021 and, as well as being a former senator, made a failed bid earlier this year to be president of his country.
“I will prepare in the same way I train for a real fight,” Pacquiao said of his charity match against martial arts YouTuber DK Yoo on December 10 in Seoul.
The fight over six rounds has no agreed weight limit, potentially putting Pacquiao at a physical disadvantage against the bigger Yoo.
Yoo has more than 650,000 subscribers on YouTube, where he promotes his self-styled form of martial arts called “warfare combat system”.
“I know I will not win against him but I will try my best to surprise Manny Pacquiao,” Yoo said previously.