UPDATED 6:45 p.m. ET: In a statement provided to Billboard, Wayne's attorney Ron Sweeney confirmed the rapper reached a settlement but did not disclose any specific figure. Read the full statement below.

Per our settlement agreement, the matter has been amicably resolved to the satisfaction of all parties. In terms of the particulars, we’re prohibited legally from saying anything further. I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself. At some point, Wayne will let his fans know what’s going to happen next.

UPDATED 12:15 p.m. ET: An updated report, per Karen Civil, claims that "a portion" of the original Blast report is accurate. "A settlement has been reached, but the dollar amount being disclosed is false," she said on Twitter. A new statement from Wayne's team is expected shortly.

See original story below.

Lil Wayne has reportedly come out on top in his longstanding legal dispute with Birdman and Cash Money Records, meaning the elusive Carter V may now have a real shot at being released.

Wednesday night, the Blast alleged they had obtained court documents showing that Wayne's attorney filed a notice May 23 claiming "all sides" were down for dismissing the suit. Universal then reportedly cut a settlement check to Wayne for "well over $10 million," zero dollars of which originated from Birdman. 

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The report further alleges that, with this settlement, Wayne is now finished with Cash Money and will reportedly be releasing Tha Carter V via Universal.

Amazingly, Carter V talks have been flooding headlines as far back as 2012, at which point Wayne claimed the album would stand as his final solo project. "I know y'all want me around for a little bit, and Carter V is my last album," Weezy told Sway during I Am Not a Human Being II promo. "Man, I've been rappin' since I was 8 years old. I'm 30 now, man. That's a long time, man."

Birdman gave his own update on the album earlier this year, telling Rap-Up fans should expect to see it released at some point in 2018. "Without a doubt," he said in February. "You will get [the album] this year. It's gonna be well worth the wait . . . [Wayne] is the best ever to me. A lot of success coming from under his umbrella."

Of course, we've been burned by similar promises more than once, so let's keep employing some cautious optimism.