MICHAEL JACKSON WILL NEVER DIE

LOS ANGELES: Michael Jackson's ex-wife has agreed to drop a claim for custody of the superstar's children in exchange for a multi-million dollar

Jackson's kids Michael Jackson's homes MJ: The 'king of pop' Jackson performs at New York

settlement, US media reports said Tuesday.

ABC News quoted Stacy Brown, described as a confidant of the Jackson family, as saying Debbie Rowe could receive more than three million dollars to settle the case involving the two children she had with Jackson.

Rowe, who was married to Jackson from 1996 to 1999, would retain visitation rights as part of the settlement, which would grant custody to the singer's 79-year-old mother Katherine in accordance with her son's 2002 will.

"One family member said three million dollars, another said five million. My guess is that it will be somewhere in between," Brown was quoted as saying.

A separate report in the New York Post on Tuesday, citing an unidentified Jackson family source, also said Rowe had reached a settlement of four million dollars to drop her custody claim.

Neither lawyers for Katherine Jackson nor Rowe could immediately be reached to comment on the report Tuesday.

The reports come after a hearing due to take place on Monday addressing the custody issue was rescheduled to July 20 to allow more time for consultation between the two sides.