The 28 year-old has been locked in talks with the Filipino since giving up on a contest in 2015 and says the pair have negotiated to fight in the spring of 2016 once Pacquiao has been given the all-clear from doctors.
“I can confirm that my team has been negotiating with Bob Arum,” Khan told The National. “So far, everything is going smooth. The contracts are being negotiated, and if everything is agreed, Manny Pacquiao will be my next opponent.
“I have been told that Manny has been given the all clear to start training again by his doctor, which is great news
“Depending on when he and his team feels he could be ready, the fight could be in February or April 2016,” he added.
Arum has already confirmed that ten-time world champion Pacquiao will fight at the MGM Grand up his return from losing to Floyd Mayweather in May, leaving only an exact date to be worked out with the British star.
Khan has enjoyed some of his best form since losing against Lamont Peterson and Danny Garcia at 140lbs, most recently defeating Devon Alexander in a victory he thought would lead to a career-defining night with Mayweather.
The 2004 Athens Olympic silver medallist has missed out on opposing the retired pound for pound king three times during his career and looks to have switch his attention to ex-training partner Pacquiao with seemingly swift success.