After talks with Jake Paul, a YouTuber who was 30 years his junior, Mike Tyson, 55, has decided to quit the fight with Jake Paul

MIKE TYSON has officially left a showdown against Jake Paul.

SunSport reported last month that 55-year-old and 25-year old respectively were in discussions over a PS36million Las Vegas showdown.

However, a source revealed that Tyson walked out of the fight because the "money wasn't right".

According to the source, Mike did not want to return to full-scale training at the level the world expects unless he believed the money was right.

"What appeared to be a great idea at the beginning of the year is not a top priority."

In November 2020, Tyson, the undisputed heavyweight champion, returned to the ring for an exhibition fight with Roy Jones Jr.

Iron Mike brought back the past as he fought the former world champion at four weight to a draw.

Tyson had hoped that he would be able to make a comeback to the squared circle in September last year to face his old rival Lennox Lewis.

However, 15 months after his triumphant return in the ring, The Baddest Man On the Planet seems to be reluctant to put on his gloves once again.

Recently, he admitted that he wasn't interested in this work. It was fun at the beginning.

"If it was back in my first start, yes. If we were fighting on the same cards and both active, then we could do it.

"But, it just changed...it just turned bad. It didn't end in its favor.

"I did it for fun the first time, but then people made it financially and it was no fun anymore."

Paul, a YouTuber and boxer, has not been in the ring since Tyron Woodley's viral knockout last December.

The Problem Child, however, is currently promoting Amanda Serrano’s eagerly-anticipated clash against Katie Taylor and is apparently eyeing a September return.

During a recent appearance at The MMA Hour, she said that "There's a lot happening in other aspects"

"I will be doing these press conferences in the next two weeks to promote Katie Taylor and Amanda Serrano. I am also very busy with my venture capital fund on the business side.

"So, I haven’t even been back to the gym or trained at all.

"I would suggest August-September, but I need to talk with my coaches. Perhaps later. It's something I'm working on.

"Obviously, if the stars align or I have a change in heart, then things could move in a positive direction but right now I don’t feel motivated to go back into another training camp."