The team behind junior middleweight contender Tim Tszyu is ready to spend up to $10 million to bring a world title fight to Australia.

Last month, Tszyu (18-0) dominated and stopped world title challenger Dennis Hogan in five rounds at the Newcastle Entertainment Centre.

Tszyu is ranked as the number one contender under the WBO. 

Brian Castano is the current WBO champion, but he's eyeing a potential unification with WBC, IBF, WBA champion Jermell Charlo.

Both Castano and Charlo are represented by Premier Boxing Champions.

Promoter George Rose of No Limit Boxing believes it's going to cost around $10 million to bring a world title fight to Australia - and he's ready to pay the sum.

“It is around that figure; it is just what we have to do to make it happen,” Rose told The Sun-Herald.

“The way I see it, the world title has to be out here in Australia. That’s the situation we’re in and that’s what we need to come up with to make it happen. We want the world title and we want it in Australia.

“Whether it’s Charlo or Castano, they are the targets. Timmy has to fight for a world title here in Australia, especially given the times we’re in [with COVID-19]. Australia is the best location for it. When you bring in international fighters, the costs go through the roof. To get the quality opposition, it will cost a lot so we need to look at where we can feasibly do that.”

Tszyu’s manager, Glen Jennings, said that his boxer would be looking to return to the ring in July. Some of the potential opponents being discussed include Liam Smith, Danny Garcia and Arif Magomedov.

“It’s global now,” said Jennings. “Everyone in Australia is in our rear-vision mirror.