Pacquiao, 39, last fought in July when he stopped Lucas Matthysse in the seventh round to record his 60th professional victory – his first fight in almost a year following a hugely controversial defeat to Australian Jeff Horn.
Broner meanwhile is hoping to thrust himself back into the world title picture.
The Ohio-native was at one point viewed as a possible successor to Floyd Mayweather’s throne having amassed a professional record of 27-0 before he was stopped by Marcos Maidana in December 2013.
The 29-year-old has since won just six of his last nine fights, battling out a draw with Jessie Vargas in April.
Pacquiao has long been linked with fighting former stable mate Amir Khan while talk of a rematch with Mayweather has also resurfaced in recent months.
His focus now however shifts to Broner, who he will meet at the MGM Arena in the New Year.