Tyson Fury
Tyson Fury last fought in March, when he defeated Christian Hammer via an eight-round TKO at the 02 Arena in LondonGetty Images

Tyson Fury is edging closer to a shot at ending Wladimir Klitschko's nine-year championship reign, with promoter Frank Warren targeting a UK stadium venue having confirmed that the World Boxing Organization is set to order a 30-day negotiation period for the fight.

Unbeaten Fury is the mandatory challenger to the Ukrainian's WBO heavyweight belt following his November 2014 victory over Dereck Chisora in a title eliminator, and Klitschko himself revealed that he has been "obligated to satisfy" those commitments after beating Bryant Jennings via a unanimous decision on 25 April.

The 39-year-old, who conceded that he could have performed better against the determined Jennings during a rare appearance in the United States, acknowledged that the bout will have to take place on European soil with Germany and Great Britain the countries under consideration.

"The WBO will now order a 30-day negotiating period to start between both promotional camps to reach an agreement for the mouthwatering showdown. If an agreement is not reached in the given period then a purse bid will be set for the fight," Frank Warren and Queensberry Promotions said in a press release.

"Promoter Frank Warren, in association with Mick Hennessy, will now look to bring the fight to the UK and stage it at an outdoor stadium in one of the biggest heavyweight fights on these shores in recent years."

Fury has fought once since his second win over Chisora, recording a comfortable victory over Christian Hammer at London's 02 Arena in March.

He stated confidently in the aftermath of that contest that he was ready to meet the considerable challenge posed by Klitschko, and his view does not appear to have altered after watching the latter's latest successful defence live at Madison Square Garden.

"Again, Klitschko did what he had to do against Jennings and won," Fury said. "It was the same as it always is though, the smaller man trying to get inside Klitschko's jab with him holding and leaning, although he was slightly more aggressive against Jennings.

"Let's see him try that against someone who's the same size as he is, younger, stronger, fitter, faster and with a knockout punch – Me. I still haven't seen anything he does to concern or worry me at all, I'm just supremely confident that I'll be the man to end his reign on the throne and begin the Fury era."

Klitschko, whose similarly dominant brother Vitali retired from the ring in December 2013 and is currently the mayor of Kiev, has never previously fought in the UK and seven of his last 10 fights have taken place in Germany, where he is based.

While Fury will be hoping to generate significant publicity for the bout on home turf, the eyes of the boxing world are fixed on Las Vegas where Floyd Mayweather faces long-time rival Manny Pacquiao at the MGM Grand on 2 May.