Pacquiao promoter Bob Arum finalised the deal after talks of a fight with Floyd Mayweather Jr. fizzled out over Mayweather's demand for a rigorous dope testing procedure.
"I have wanted to bring a major boxing event to North Texas for many years, so why not bring in the biggest and the best?" Cowboys owner Jerry Jones said in a statement.
"Manny Pacquiao is boxing's number one pound-for-pound attraction and the world champion," Jones added.
"Manny defending his title against Joshua Clottey is not just a great event, it's a great fight, and one we can showcase to the fullest in Cowboys Stadium. We're going to promote this like it was the Super Bowl."
The new $1.2 billion stadium will seat 40,000 for the pay-per-view bout and Arum said in a statement he was delighted with the venue.
"Manny Pacquiao is the lone star of boxing," he said, referring to the nickname of the state of Texas.
"There isn't a more appropriate place in the world for him to fight."
Pacquiao has a 50-3-2 record with 38 knockouts. He won the World Boxing Organisation welterweight title with a 12th round knockout of three-time world champion Miguel Cotto.
Clottey has a 35-3 record with 20 knockouts. He claimed the International Boxing Federation welterweight title in 2008 by defeating American Zab Judah but lost a split decision to Puerto Rican Cotto last June.
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