"Certainly, we at Top Rank want that fight, Manny wants that fight, I believe Floyd wants that fight," Arum said in a RingTV interview. "So why wouldn't I be optimistic?"
Pacquiao recently revealed that negotiations for the mega-fight were taking place, although nothing has been finalized. In other interviews, Arum said he is entertaining offers from various investors who are interested in putting the fight together.
Mayweather had announced that he plans to make his return to the ring on May 5, 2012, and had challenged Pacquiao to sign a contract for that fight date.
But Arum said a date has not been finalized for the fight, saying "That's nonsense."
"It doesn't necessarily have to be on May 5," Arum said. "If Floyd wants to fight Pacquiao, maybe another day is preferable."
The Top Rank chief says there is no "magic" surrounding the May 5 date, which has been a traditionally lucrative weekend for boxing.
"There is magic in a Pacquiao-Mayweather fight," Arum said.
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