The legendary Oscar De la Hoya has announced that negotiations for a possible fight with superstar Manny Pacquiao on December 6 has continued, despite reports there was a collapse in talks following disagreements in purse split.

Pacquiao, in an email to sportswriters, officially walked away from the fight on Wednesday after De La Hoya refused to budge from his 70-30 revenue split proposal and rejected Pacquiao's counter-offer of 60-40.

Pacquiao then instructed his promoter Bob Arum of Top Rank to begin negotiations for a Humberto Soto bout in November, while De la Hoya is looking for a possible fight with junior middleweight titlist Sergio Mora.

Boxingscene.com, however, pointed out that there will be problems for both camps.

“If Pacquiao fights in November against Soto, Top Tank would have to take the lead on the pay-per-view as HBO doesn't have any available dates. Not to mention, Top Rank is planning a November 1 Showtime pay-per-view featuring Antonio Margarito vs. Joshua Clottey. On the other side, Mora is facing Vernon Forrest in a pay-per-view rematch on September 13 and it's a very tough fight where many are picking Forrest to win, and even if Mora pulls it out again, there is not guarantee that he walks away without any aches and injuries,” said the report.

De La Hoya says that negotiations are still alive and on-going.

“Negotiations are still ongoing. Manny Pacquiao sent out a statement that he will obviously explore his options and see what comes out of this whole situation, but I think when Freddie Roach came out with those statements, it triggered something in me. And especially when Manny Pacquiao said 'yeah, I can beat you, no problem.' I said 'ok, let's do it at 147.' I can make 147 with no problem. I started my career at 130-pounds," De La Hoya told ESPNRadio1100 .

“I even went up to 160 to challenge Bernard Hopkins and this has been done in the past where lighter guys went up several weight-classes and challenged bigger guys. If you're a tough guy, come on and bring it on. So that's how it all started. It caught fire and a lot of people are talking about. I was a big challenge for me and now its up to the negotiators to make it happen.”

“There is no boring fight that Manny Pacquiao is in. It just doesn't happen. The fact that you have Mannny Pacquiao going up to weight classes, which is not unheard of. I think it would have taken boxing once again to another level and these are the type of events that the sport needs.”

De La Hoya says that Pacquiao should not get himself stuck in percentages, but look at the amount he will get for the fight.

“He has to fight maybe 4 or 5 times to even make even close to what he would have made if we fought. You don’t look at percentages in these revenue splits, you look at the dollar amounts, what you are going to make. You look at Floyd Mayweather Jr. He’s one of the fighters who gets it. He's a tremendous talent, just like Manny Pacquiao, Floyd Mayweather understood that his 30% was a lot of money and in order to make that kind of money, he would have to fight 3 or 4 other guys. It makes sense from a dollars point of view, but sometimes these fighters just don't get it,” De La Hoya stated.