The bad blood between Eubank and Hamed flared at Heathrow Airport a year ago in a much-publicised bust-up. But they have now settled their differences and become friends.
Eubank, a former WBO middleweight and super-middleweight champion, believes that the time has come to put aside "silly things and get on with life".
He said: "I spoke to George Foreman one day and he told me if I felt wronged by Naz I had to put that behind me and help the kid along. George told me to hug him and take him in."
Eubank, 31, said he speaks often with Hamed. "Naz has the potential to become a good role model," he said.
"My relationship with him is to advise him on certain things. I've spoken to him about things in terms of carrying yourself in a proper fashion. Boxing is a business in which you have to enthral and infuriate. You have got to be controversial but also show you are human."
One of Eubank's most recent conquerors, Joe Calzaghe, will fight for Eubank's old WBO middleweight crown in February. The Welshman and Robin Reid will meet at Newcastle's Telewest Arena on 13 February in the most appealing of four world title fights on the card.
"I don't think I have the respect I deserve after beating Eubank, and my aim is to go into the ring and knock out Reid in four rounds," Calzaghe said.
Archie Moore, one of boxing's legendary figures, has died at the age of 84.