Tom Cruise and Katie Holmes agree to settle their divorce

Tom Cruise and Katie Holmes have reached an agreement to settle their divorce, their representatives have confirmed.

“The case has been settled and the agreement has been signed,” Katie Holmes’ lawyer Jonathan Wolfe said in a statement to People magazine.

“We are thrilled for Katie and her family,” Jonathan Wolfe added.

A spokeswoman for Tom Cruise confirmed the settlement in an email to Reuters: “It is done.”

In a joint statement released earlier on Monday, Tom Cruise and Katie Holmes said they were “working together” to settle custody of their daughter Suri, 6.

“We are committed to working together as parents to accomplish what is in our daughter Suri’s best interests,” the statement read.

“We want to keep matters affecting our family private and express our respect for each other’s commitment to our respective beliefs and support each other’s roles as parents.”

It was revealed last month that Katie Holmes, 33, was filing for divorce.

At the time, a spokesman for Tom Cruise said: “Kate has filed for divorce and Tom is deeply saddened and is concentrating on his three children. Please allow them their privacy.”

It was Katie Holmes’s first marriage and Tom Cruise’s third.

The divorce brings to an end a relationship that began with very public declarations of affection.

Katie Holmes once admitted she had a childhood crush on the Hollywood celebrity, and kept posters of him on her bedroom wall. Tom Cruise famously jumped on a sofa on the Oprah Winfrey Show as he declared his love for the actress.

Tom Cruise proposed to Katie Holmes at the Eiffel Tower in Paris and the couple was married by a Church of Scientology minister.

Tom Cruise, who turned 50 last week, was Hollywood’s highest-paid actor in 2011, and has starred in blockbusters such as Top Gun, Jerry Maguire and the Mission Impossible series.

Katie Holmes rose to fame as a leading actress on television drama Dawson’s Creek. She has also appeared in Batman Begins and Don’t Be Afraid Of The Dark.