Manny Pacquiao's promoter Bob Arum says the Filipino boxer is ready to hang up his gloves after one more fight in 2016 and then make the switch to being a full-time politician.

Arum told the Los Angeles Times on Thursday night that the 36-year-old Pacquiao wants to get on with his political career and run for the Senate in the Philippines.

"I believe he'll take one more fight, then run for the Senate in the Philippines," Arum told the newspaper in a telephone interview from China.

"He could fight twice more, I guess, but it sets up better for him to fight, then run."

Pacquiao lost a unanimous decision to Floyd Mayweather in Las Vegas four months ago in a fight that Pacquiao fought with a torn rotator cuff in his right shoulder. Pacquiao then underwent surgery after the Mayweather fight which generated a record 4.4 million pay-per-view buys.