UPDATE: Lucas Browne has had to win over his promoter Ricky Hatton before going ahead with his heavyweight bout against James "Lights Out" Toney next month.

As revealed on thewest.com.au on March 2, Browne is set to take on the ageing American star in Melbourne.

Browne said he is ready to sign the deal tonight, although there are still some details to finalise including TV distribution.

Hatton had wanted Browne to face another of his heavyweights, Englishman Richard Towers. The stablemates were due to meet in Hong Kong last December but Towers had to withdraw because of injury.

But now the former world light-welterweight champion-turned-promoter has given Browne the go-ahead to face Toney.

"If I beat Toney that will make the Towers fight even bigger," Browne said.

"This is something I've always wanted. They say to be a legend you have to beat a legend."

Toney has won four of his last five, including a fifth-round victory over Bobby Gunn 11 months ago after the two-time cruiserweight title challenger was forced to retire with a broken hand.

Browne is set to meet Toney on Sunday, April 28, at Melbourne's Convention and Exhibition Centre.