People.com has confirmed that Tom Cruise and Katie Holmes have reached a settlement in the divorce proceedings Holmes filed less than two weeks ago.
Holmes’ attorney Jonathan Wolfe confirmed the deal to PEOPLE in this statement:
“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.
“We thank Tom’s counsel for their professionalism and diligence that helped bring about this speedy resolution.”
No word has been released on the details of the settlement, but Holmes and Cruise has each already come out saying they wanted to protect their daughter Suri, 6.
Katie and Suri recently moved into a new 3-bedroom apartment in New York City. Cruise is still living at his residence in California.