"Retirement doesn't suit Manny right now," Koncz told the Los
Angeles Times of the former eight-division world champion.
"Boxing is in his blood. When he trains, it's like a
pressure-release valve. You can see a dramatic difference in his
mood... he's happy. It's amazing what training and fighting does
for him."
Pacquiao (58-6-2) had announced his retirement after defeating
Timothy Bradley in April and was elected to the Philippines'
senate in May. His promoter Bob Arum announced last month that
he would fight again in November.
Arum tweeted earlier this week that he would travel to the
Philippines for a meeting on Aug. 10 to discuss the 37-year-old
southpaw's return.
Koncz, who will also attend the meeting, said the trio were not
discussing a potential opponent, but whether to stage the bout
in Los Angeles or Dubai.
"That's the essence of the meeting," Koncz added. "Not choosing
the opponent. That's already been done."
Pacquiao's unanimous decision win over Bradley was his first
fight in nearly a year after his tame loss to Floyd Mayweather.
He had said he was bringing the curtain down on his career to
concentrate on politics and his family.
The 27-year-old Vargas (27-1) beat fellow American Sadam Ali in
March to claim the WBO welterweight crown and has won 10 of his
bouts via a knockout or stoppage, with his only defeat coming
via a points loss to Bradley in June 2015.
(Reporting by Simon Jennings in Bengaluru; Editing by John
O'Brien)
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