Madonna and Guy Ritchie have reportedly reached a divorce settlement.

A source close to the negotiations said: "It will be all over by the end of the month. I am sure it will be announced by then. The priority for Guy has always been the children.

"Guy has not wanted her money. He has done exactly what Billie Piper did when she divorced Chris Evans. She walked away without any of his money, much to her credit. Guy has done the same. He is a very honourable man to have walked away."

They have reportedly now decided Rocco and David will live with Guy for the majority of the time, while Lourdes, Madonna's daughter from a previous relationship, will live with the pop superstar.

An announcement on the settlement is expected to be released by the end of the month.

WENN

* According to the Daily Mail, Madonna has given Guy a $4 million sweetener gift.