Froch and Groves 'in talks' over 2013 fight
Unified IBF and WBA champion Froch had been told by IBF championship chairman Lindsey Tucker to defend his belt against mandatory challenger Groves - or risk being stripped of his title.
Tucker told the Sun that 'letters had been sent' to both Froch and Groves to 'start negotiations', with a deadline of July 12 set for the pair to come to an agreement.
And now Hearn has revealed plans are being put into place for a bout to happen between the two British fighters sooner rather than later.
"We are in talks regarding a potential blockbuster domestic fight later this year," Hearn said.
Since exacting his revenge over Mikkel Kessler in May, Froch has been targeting a rematch with Andre Ward as well as a third and final tussle against Kessler.
However, with the prospect of losing his IBF belt if he fails to agree terms with Groves - unbeaten in 19 career fights - it appears Froch will now turn his attentions to taking on his domestic rival.
"Both fighters have plenty of options and, although it's a fight we originally envisaged for next summer, if it makes sense for both fighters neither has a problem with making it happen," Hearn added.