2/25/2017 12:45 AM PST

EXCLUSIVE

Dana White has an update on the status of the Conor McGregor/Floyd Mayweather megafight … “WE ARE NOWHERE.”

TMZ Sports saw Dana out in L.A. Friday afternoon … and asked if there has been any progress made in the negotiation.

FYI — Dana, Floyd, and Conor are all in Los Angeles.

The answer, no.

In addition to telling us who Conor definitely will not fight next … the UFC honcho also breaks down with who and when Conor will next step into the Octagon.

The opponent is …

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