Manny Pacquiao and longtime promoter Bob Arum of Top Rank are discussing a five-fight contract extension that would take the Filipino superstar through 2016, which would coincide with Pacquiao's wish to fight for two more years.

"Yes, we are talking about the extension," Arum told ESPN.com. "We are working it out. We are talking about a lot of things. How many fights would be in Macau, how many would be in the United States, how many in other places. But we are talking about five…

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