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20 November 2008 10:16 PM, PST | From icelebz.com | See recent iCelebz news

Madonna and Guy Ritchie have reportedly reached a divorce settlement. The pair are scheduled to have a hearing at the London High Court's Family Division Friday morning, but are not expected to appear.

As they have already reached an agreement it is expected to be short and private.

The "Sherlock Holmes" director - who announced his divorce from Madonna last month - has allegedly agreed to walk away from the marriage without touching any of the 50-year-old singer's reported 0 million fortune.

Madonna and Guy - who raise three children together - have also worked out custody rights to 12-year-old Lourdes, Rocco, eight, and adopted three-year-old son David.

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