There's already 1 week before this month ends. Maybe Canelo and PBC should reach an agreement otherwise it will be a late notice to the opponent for Cinco De Mayo. I believe Canelo starts training a few days from now or who knows he is already starting his light training. Potential opponents like Jermall, Benavidez, Crawford, and Mungia better start their light training as well or they do not have proper training camps if they wait for the official decision of Canelo.
So it looks like Canelo wants Jermall but PBC wants Benavidez or Mungia. But I guess Canelo will make the final decision as he might have the right to terminate the contract with PBC. I am not confident that PBC has the money or sponsor to offer Canelo $55 million to fight Benavidez but who knows? And it also looks like PBC is protecting Jermall's 0 too.
I reckon that they would not give the offer with confidence of getting the funds and making more from it after the fight. However, I understand the skepticism because only Canelo has a name that is very known outside of the boxing community.