Katie Holmes, Tom Cruise Reach Divorce Settlement

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Tom Cruise and Katie Holmes have reached a divorce settlement, Celebuzz has confirmed.

No details have been provided on the agreement, but sources are suggesting the two were leaning toward a settlement in which their 6-year-old daughter Suri would live in New York with Holmes, with Cruise getting "generous" visitation rights.

Holmes's attorney Jonathan Wolfe confirmed the deal.

"The case has been settled and the agreement has been signed. We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life. This result could not have been achieved without the hard work of my partner Gary Skoloff and our co-counsel Allan Mayefsky, Michael Mosberg and Larry Trachtenberg of Aronson Mayefsky and Sloan and Peter Walzer and Chris Melcher of Walzer & Melcher in California."

He added, "We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."

Cruise's lawyer Bert Field told TMZ: "The Tom Cruise-Katie Holmes case has been settled with a signed agreement. Tom is really pleased we got there, and so am I."

Earlier today, Cruise and Holmes released a joint statement to PEOPLE, saying: "We are committed to working together as parents to accomplish what is in our daughter Suri's best interests. We want to keep matters affecting our family private and express our respect for each other's commitment to each of our respective beliefs and support each other's roles as parents."

The statement came via Cruise and Holmes' reps, Amanda Lundberg and Nanci Ryder, respectively.

In a statement late Monday, Holmes’ attorney, Jonathan Wolfe, sought to deny some media reports he said were inaccurate, without citing them by name.

“There are numerous inaccuracies in the reports regarding the purported contents of the agreement reached between the parties,” he said.

“The agreement is confidential and its terms will not be disclosed.”

Thirty-three-year-old Holmes filed for divorce from Cruise, 50, in New York City on June 28, citing “irreconcilable difference.” Cruise reportedly felt blindsided by the split as Holmes was spotted, seemingly content, in New York City with Suri.

Last week, Cruise's lawyer, Bert Fields, expressed his hopes for an amicable divorce.

“I would hope that it’s not a contentious matter,” he told the Los Angeles Times. “I know Tom is not a particularly contentious person.”

Tom Cruise and Katie Holmes Divorce: Celebuzz’s Complete Coverage:

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Tom Cruise, Katie Holmes Divorce: Connor Cruise Tweets ‘Family Is Forever’

Katie Holmes Films ‘Project Runway’ Amid Tom Cruise Divorce Drama, Ditches Wedding Ring (PHOTOS)

Katie and Tom’s Divorce: What the Comedians Are Saying (PHOTOS)

Katie Holmes Could Use Tom Cruise’s Divorce with Nicole Kidman Against Him, Says Lawyer

Tom Cruise’s Lawyer: We Hope Katie Holmes’ Divorce Is Not ‘Contentious’

Breaking Down Tom and Katie’s $275 Million Battle

Tell Tale Signs The Split Was Looming

The Former Couple’s Shared Estates (PHOTOS)

Wedding Photographer Remembers Couple’s Italy Nuptials (EXCLUSIVE)

The Couple’s Relationship Timeline (PHOTOS)

10 Unforgettable Quotes About Their Relationship (PHOTO GALLERY)

Cruise Is ‘Saddened,’ Rep Says

Their Last Red Carpet Appearance (PHOTOS)

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