Pacquiao was originally scheduled to fight Errol Spence Jr, but he had to pull out because of an eye injury and thus Ugas has stepped in at the last moment.
"Fighting Manny Pacquiao is very significant to me. It means the world to me," Ugas told the press. "I'm not fighting for the money, I'm fighting for my legacy, and for my country. This is the most important fight of my life.
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"I'm feeling great and super excited to fight on this big stage. I'm ready to go get in the ring on August 21. I couldn't be more excited for this fight.
"When I got the call that I was going to face one of the best fighters in history, it just pushed my excitement to new highs. I can't wait to show everyone what I'm capable of.
"I'm used to taking fights at the last minute. It's really nothing new to me. Once I knew I was fighting Pacquiao, I got right back to work, because I'm always ready to fight anyone they put in front of me.
"I got elevated to being the WBA champion in January, but now we can say that whoever wins on August 21 is the true WBA Welterweight World Champion."
Despite being the WBA champion, Ugas is the underdog with many predicting that Pacquiao will take the belt, but the Cuban is confident in his own ability to earn the win.
"I'm well-aware that Pacquiao is the favorite. But at the same time, I'm a champion. Since I came back five years ago, I've overcome so much. I've faced so many strong opponents in order to get to where I am today. I have full confidence in myself and my ability to get a victory.
"When I went away from boxing, I was focused on family and spending time with my son. At that time, I never thought I would be defending a title against Manny Pacquiao. But for the past five years I've been one of the most active and successful boxers out there and I'm ready to prove myself once again.