The 35 year-old was in dazzling form recently in avenging his dumbfounding decision loss to Timothy Bradley at the MGM Grand and speculation had been rife that negotiations were immediately under way.
Arum expressed his delight at prolonging his association with the Filipino legend and may now hope to push through a fight with Floyd Mayweather Jr after making up with Golden Boy President Oscar De La Hoya.
“We are pleased that together with our partners at HBO we will continue presenting to the public fights of the great Manny Pacquiao through the end of 2016,” Arum said.
“The partnership among Manny, Top Rank, MP Promotions and HBO has been a wonderful one for all parties and for the public and it’s great that is will continue for the years to come.”
Mayweather is due to fight on September 13th of this year, before fighting two more times in 2015, with the vast majority of those involved in the sport hoping that a mega-bout with Pacquiao comes to fruition before ‘Money’ retires.
Pacquiao himself is set to be back in action this November in Macau, China as talk of a fifth encounter with Juan Manuel Marquez continues to dominate the headlines.
Follow on Twitter @PhilDJay for tweets of upcoming news on WBN