By Miguel Rivera

Mexican superstar Saul 'Canelo' Alvarez (44-1-1, 31KOs) discussed some of the details being negotiated for a potential showdown with WBC middleweight champion Miguel Cotto (39-4, 32KOs), on May 2nd in either Las Vegas or Arlington, Texas.

Some of the details being negotiated include the weight, the official beer sponsor, the venue and more.

"The [negotiations] are advanced, very advanced talks and hopefully in the next few weeks the fight will be done. I want that fight to be done before the end of the year and we are working hard on those negotiations," Canelo told RED FM 88.1 Radio in Mexico.

Canelo admits Cotto's side is "very difficult to negotiate with" - something that other fighters have complained about in the past.

One of the big obstacles is the official beer sponsor. Cotto recently signed a deal with Tecate and Canelo has a huge deal with rival Corona.

They are discussing the venue and the split. Canelo wants the fighting weight to fall at 155-pounds, which shouldn't really be a problem since Cotto weighed only 155 when he captured the WBC title from Sergio Martinez.

"I love Las Vegas, where most of those [Cinco De Mayo event] dates are held, but another venue could be [in Texas]. We are looking at several options. This fight has to be a 50-50 split. We are at a difficult stage in negotiations," Canelo said. "I want to stay at junior middleweight. If the fight with Cotto is done it will be for the middleweight championship, but it would be agreed upon for 155-pounds."