Golfer Colin Montgomerie has reached an out-of-court settlement with his ex-wife and hopes they can both "move on", his agent said yesterday.

The top sportsman, currently playing in Dubai, has agreed a multi-million pound divorce settlement with his former wife, Eimear.

Montgomerie's manager, Guy Kinnings, said a settlement had been reached but refused to confirm the figure.

Speaking from Dubai, he added: "Any speculation on the amount is purely that - speculation.

"All the parties involved are pleased they have reached a settlement and can now move on."

Eimear is reported to have agreed to a one-off payment - thought to be up to half of Montgomerie's personal wealth - in return for waiving the right to claim on his future earnings.

The couple, who were married for 14 years, divorced in September 2004 when Mrs Montgomerie accused him of unreasonable behaviour due to his "obsession" with golf.

Eimear has said the settlement is "nothing like the #15m that has been rumoured".

She said: "It is totally untrue to say that I was going after a share of his future earnings.

"I am very happy that it has all been resolved because it means my future as an independent person is assured and so is the future of our children."

Newspaper reports said that the mother-of-three had received a settlement worth #8m.

That included Montgomerie paying off the #2m mortgage on Eimear's converted barn near Walton-on-Thames in Surrey.

Eimear said the couple got on better now "than we ever have done since we split up".

She said: "We saw each other on Christmas Day when he picked the children up to take them to lunch at his parents' home."