They'll share custody of their two sons

Madonna and Guy Ritchie are well on their way to being divorced.

The singer and her filmmaker husband have hammered out their divorce settlement and will be granted a preliminary divorce on Friday (Nov. 21), according to BBC reports.

Six weeks and one day later, the couple will be officially divorced.

Madonna, 50, Ritchie, 40, are leaving the relationship with their own money, even though he was entitled to a share of her income. The couple will share custody of Rocco, 8, and David, 3, their two children together by splitting the children's time between the U.S. and London. Lourdes, 12, the daugher Madonna had with Carlos Leon, will stay with her mother.

They first announced they were divorcing in October, after more than seven years of marriage.

The couple's rocky relationship has been under scrutiny for the past few months, especially following Madonna's alleged affair with New York Yankees slugger Alex Rodriguez, whose wife filed for divorce in the summer because of his alleged extramarital affairs.

Madonna and Ritchie were married in December 2000 in Scotland.

Ritchie's "RocknRolla" is currently in theaters and he's been working on his upcoming film, "Sherlock Holmes," starring Robert Downey, Jr.