Renowned former world champion boxer Floyd Mayweather has announced that he will be coming out of retirement in 2020.

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The dramatic announcement was made on his Instagram page.

According to a CNN report, Mayweather said that he was closely working with Ultimate Fighting Championship (UFC) boss Dana White to "bring the world another spectacular event."

Mayweather is widely regarded as boxing royalty having not lost a single match in his career.

The 42-year-old boasts of a 50-0 record.

He also came out of retirement in 2017 after retiring in 2015 to take on Conor McGregor in a much-hyped bout that he won.

There were calls for a rematch in the UFC octagon but those calls were not followed through.

Mayweather's last much was an exhibition boxing match against Japanese kickboxer Tenshin Nasukawa.

The match reportedly took about 140 seconds with Mayweather earning $9 million (£7m).

The announcement seems rather bizarre given that he had told reporters this year that he was done with the brutal sport of boxing.

Manny Pacquiao has been making overtures to the boxing champion for a rematch.

"Floyd Mayweather, if you want a real fight, fight me. If you want an exhibition, my guy, my friend, Jack Ma will take care of you," Pacquiao said as quoted in a CNN article.