Leeds United have agreed a settlement with former manager David O'Leary over his dismissal from the club.
O'Leary has been seeking compensation from the Elland Road club since his sacking last June and was set to meet his former employers at a Premier League tribunal next month.
Both parties issued a joint statement this afternoon.
The statement reads: "David O'Leary and Leeds United are pleased to announce that terms of settlement have been agreed arising from David's dismissal in June last year."
No settlement figure has been quoted.
"By way of those terms the club has agreed to pay David compensation plus legal costs incurred by him in the dispute," the statement read.
The club moved to disassociate itself from stories in the press implying that there was financial impropriety on O'Leary's part concerning his dealings on behalf of the club.
"Leeds United and David wish each other every success in the future.
"David in particular would like to record his thanks to the fans of the club for their support.
The parties have agreed that no further statement will be made in connection with this issue.