(Nov. 20) - Madonna and Guy Ritchie have agreed on a divorce settlement that puts to rest contentious custody issues and keeps the bulk, if not all, of the singer’s money out of the film director’s hands, various media outlets in the UK are reporting Thursday.

The Daily Mail has learned that the 50-year-old music icon will walk away from the eight-year marriage with her entire $452 million fortune intact and that Ritchie actually waived his right, under English divorce law, to receive as much as half his spouse’s wealth.

Faces of Madonna

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A more conservative Times Online only goes as far as saying Madonna will keep the “bulk of her … fortune.”

It is unclear when the agreement will be made public. The Times claims the notice will be posted within in 24 hours, while sources tell London’s Evening Standard that there will be a longer wait.

Also key to the agreement is the matter of where the couple’s two sons will live. According to reports, Rocco, 8, and the adopted David, three, will divide their time between Britain and America. Madonna’s daughter, Lourdes, 12, will continue to live with her mom.

The singer had wanted all the children to be placed with her in New York City, while Ritchie felt they should stay in London.

Ritchie is believed to have his own small fortune, hovering around $54 million, from making films like “Snatch” and this year’s “RocknRolla.”

A friend of the ex-couple told the The Times: “He could have hugely boosted his bank balance and set himself up for life, but he already feels he has enough money. He also didn’t want the whole thing dragging on in the public gaze for months and months and, in any case, his priority was the childrens future.”

Ritchie previously rejected a $30 million settlement offer by the singer, according to reports. The pair announced they were divorcing on Oct. 15, ending months of speculation about the state of their sometimes rocky relationship.

Madonna has since been linked to New York Yankee Alex Rodriguez, but she insists they are just friends.

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