Negotiations for Wladimir Klitschko's IBF/WBO heavyweight title defense against David Haye have stalled over the site of the proposed summer showdown.

Representatives of the dynamic-punching former cruiserweight champ have pushed for the bout to take place at Madison Square Garden in New York City, however Klitschko wants the fight to take place in Europe.

“There has been no movement in our talks,” Golden Boy Promotions CEO Richard Schaefer, who represents Haye, said Wednesday. “I'm on my way to London today to meet with Haye's advisor Adam Booth and try make something happen, or if need be, to discuss other opportunites for Haye.

“HBO and Showtime are interested in David Haye, so we will discuss the right kind of fights for his U.S. debut.”

However, Schaefer hopes that Klitschko-Haye can be salvaged. So does Klitschko's advisor Shelly Finkel, who confirmed that talks had stalled over the site of the proposed fight.

“I hope Wladimir's next opponent is David Haye, but nothing new has happened with those negotiations,” said Finkel, who added that regardless of who Klitschko fights the world's No. 1 rated heavyweight plans to return to the ring on June 20.