Snooping sources have learned that Britney Spears and Kevin Federline reached a divorce settlement on Thursday.

“The parties signed a global settlement on all issues of their marriage and the custody of the children,” Michael Sands, a spokesman for Federline’s attorney Mark Vincent Kaplan says.

The deal was worked out in five-hour meeting in the Los Angeles high-rise offices of Spears’s attorney. At the table were Spears and Federline, along with Spears’s lawyer Laura Wasser and Federline’s counsel Kaplan and Jim Simon. During a smoking break downstairs, Spears met with Federline for 15 minutes.

The terms were not revealed, but tattles claim that K-Fed will be out of Brit’s hair (no pun intended) for about cool million. The couple will share custody of their two sons. A judge will still have to sign off on the agreement.

The deal comes just days after Spears left rehab on March 20.