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'The Problem Child' flirted with a move to MMA after sharing footage of himself training leg kicks.
UFC president Dana White refused to rule out signing the 25-year-old, with Nurmagomedov supposedly offering him a deal to fight in his Eagle FC promotion.
But Paul has played down Nurmagomedov's offer, claiming they never offered him anything.
Though he's open to taking a fight inside a cage and outlined his purse demand, as he wants $25-35 million to just start talks over a blockbuster clash with the former UFC lightweight king.
Speaking to Ariel Helwani on The MMA Hour via MMA Fighting, he explained: "There is [interest to do MMA] and not in the near future but in the medium term. I would need to practice my kicks and a little more on the jiu-jitsu side for like two years, maybe two and a half years before I would do that.
"Unless the money was really right but no one’s brought anything to the table that’s interesting enough.
"Khabib [Nurmagomedov] said, 'We offered him a deal' - it’s not true. They never offered me anything. Eagle FC has never even done an event. Not to hate on anything they’re doing but I would need more than what I make in boxing to risk going into MMA right now.
“People would have to come $25, $35 million dollars to just start the conversation with me.
"I would fight Khabib in MMA if they wanted to make that offer," he added. "Cause that would be exciting. That would excite me, especially if I had more time to train.
"That would be a massive fight. Probably a million, 2 million pay-per-view buys and all I would have to do is work on my wrestling skills. Cause I could outstrike him standing up."
Paul improved his budding professional boxing record to 5-0 after stopping Tyron Woodley last year.
And he appears to be interested in boxing another former UFC champion in Silva, who reigned over the middleweight division in a legendary spell.
Asked if he'd face 'The Spider' in a boxing bout, he replied: "Yes, definitely, I would love that fight. Interesting story, I think he was the first celebrity I ever saw. Right when MMA was blowing up, my dad was a super big fan and we went to this local MMA event and they must have paid Anderson Silva to come because it was in Ohio so I don’t know why he would have been there.
"But I actually asked for his autograph and we took a picture with him. I’m maybe like 12 years old but I think he was the first celebrity that I met. So, it would be fun to bring it back full circle and fight someone who was one of my first idols."
Featured Image Credit: PA/YouTube
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