• Prince Andrew has settled his sexual assault lawsuit
  • Officially, it is for an "undisclosed" amount of money
  • A new report claims it's $10 million (£7.5 million)

Prince Andrew will reportedly pay millions to settle his sexual assault lawsuit out of court.

Today, attorneys for Prince Andrew and Virginia Giuffre filed a document confirming intentions to settle the case for an undisclosed sum. Just how much money did it take?

Report: Prince Andrew to pay Virginia Giuffre $10 million

Experts believed it would take millions to settle the lawsuit, and it looks like they were correct. A Palace source has told the Daily Mail that Prince Andrew is expected to pay Giuffre "around" $10 million (£7.5 million). 

Apparently, the money is linked to Prince Andrew's sale of his Swiss ski lodge, worth an estimated $25 million (£18 million).

The official word on Prince Andrew's lawsuit settlement

In the document announcing the settlement, attorneys for Prince Andrew and Virginia Giuffre agreed that the royal would make "a substantial donation" to Giuffre's victims' rights charity.

He also pledged to "demonstrate his regret for his association with Epstein by supporting the fight against the evils of sex trafficking, and by supporting its victims."

Also interesting:

The court document adds that a dismissal will be filed in the case once Giuffre gets her settlement from Prince Andrew.

Prince Andrew always denied allegations that he sexually abused Giuffre while she was a victim of child sex trafficking, and it appears he admitted to no wrongdoing — outside of his friendship with Epstein — in the court document.

The news comes just over a month after a judge ruled Giuffre's lawsuit would go forward. Prince Andrew was also scheduled to give evidence under oath next month, and the case would have gone to trial at the end of this year.