MIKE TYSON is in advanced talks with YouTuber Jake Paul about a big money exhibition fight in Las Vegas, Sun Online can reveal.

Tyson and Paul's reps are thrashing out plans for a headline pay per view bout later this year.

A fight with Jake's brother Logan had long been rumoured for Tyson, but it appears the boxing legend would prefer to face his sibling instead. 

One Vegas source, who counts Tyson as a business associate, confirmed that 'if all goes to plan' then the fight is on.

The source said: "Mike and Jake are on board for an exhibition bout in Las Vegas.

"A verbal deal has been struck to get it on, but like all forms of sports business, now it's all about the contracts and money split.

"Mike is looking for a certain figure to get into the ring with a profit share guarantee. 

"Jake obviously has that on his mind but is keen to show the world that stepping into the ring with a man once called the baddest man on the planet, takes his boxing career to the next level.

"This fight bridges the gap between old school boxing fans and the new generation of followers."

The source added that organisers hope the bout will generate as much as £36million as a live and pay per view event.

Tyson denied the talks on Monday, insisting: "This is new to me. I saw Jake in St. Barths and he never mentioned it."

In November, Tyson hinted that he was prepping to fight in February, although that now looks to be pushed back to later this year.

He told The Sun: "I am going to have a return fight in February and we are pretty sceptical about the opponent but it will be a really stimulating opponent."