The bout is scheduled for Friday 19 December at Miami’s Kaseya Center and will be streamed globally on Netflix.
The fight will be a professional contest, counting towards both men's records, and will consist of eight three-minute rounds with 10oz gloves.
Joshua, a two-time world heavyweight champion, stated he will show “no mercy” and aims to "break the internet over Jake Paul’s face”, while Paul believes a win will validate his boxing career.
This unexpected match pits Joshua (28-4) against Paul (12-1), who has previously fought former boxing and UFC champions.