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Rory McIlroy's settlement with his former agent is worth more than £13million after the two came to an out of court agreement, Press Association report.
The golfer was suing Conor Ridge, of Horizon Sports Management regarding the cut the agent was taking from McIlroy's earnings.
"It's in the public domain that the amount of money owing under the contract and the money likely to be generated from the the contract was 20 million dollars," a source said.
McIlroy had sued Mr Ridge's agency over the cut his firm was taking from on and off-course earnings in a potentially ugly row over £4.2million in fees.
A brief statement agreed between the McIlroy and Ridge camps was released following the hearing.
"The legal dispute between Rory McIlroy and Horizon Sports Management has been settled to the satisfaction of both parties, who wish each other well for the future," it said.
"The parties will be making no further comment."
The world's top golfer Rory McIlroy spent just 42 seconds in court before his lawsuit against his former agent was deferred.
McIlroy is suing Conor Ridge's Horizon Sports Management over the percentage of his earnings they took.
The bitter row over £4.2million in fees has taken the pair all the way to the big business division of the Irish High Court in Dublin.
Court number one in the Four Courts in Dublin was packed, as Judge Brian Cregan agreed to give lawyers for both sides time to open discussions. The case is scheduled to resume at 2pm and is expected to last eight weeks.
World number one Rory McIlroy pulled off his first professional hole in one on the 15th hole in the second round of the 2015 Abu Dhabi Golf Championship.
The Northern Irishman used a 9-iron from 177 yards and is just two shots off leader Martin Kaymer after day two.
Rory McIlroy has been named the 2014 Race to Dubai European Tour Golfer of the Year after a stunning season on both sides of the Atlantic.
The 25-year-old also won the WGC-Bridgestone Invitational and the BMW PGA Championship at Wentworth, and adds the honour to the Golf Writers Trophy he was awarded last week.
"To be named the European Tour's Golfer of the Year for a second time is a huge honour and one I am extremely proud of," he said.
"If I had won any one of those four titles it would have been a good year, but to win all four, to win The Race to Dubai, and to be part of another fantastic European victory in The Ryder Cup, means it is a great one.
"This award is a very nice way to round off the year. The European Tour has always been good to me, so it is always special to be recognised in this way. Hopefully I can have more years like this one and win the award again."
World number one Rory McIlroy has won the Golf Writers Trophy for the second time in three years following a stunning season that saw him claim two major championships and play a leading role in Europe's Ryder Cup victory.
In to the 25 year-old's victories in the Open Championship and the US PGA Championship, McIlroy also won the WGC-Bridgestone Invitational and the BMW PGA Championship at Wentworth.
"I'd like to say a huge thank you to the members of the Association of Golf Writers who have felt me worthy to receive this honour, I really do appreciate it," he said.
"To win it for the first time in 2012 felt like a great achievement but to win again in 2014 is testimony to what has been a truly fabulous year for me."
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World number one Rory McIlroy has been voted PGA Tour player of the year for the second time in three seasons.
McIlroy won the Open Championship, WGC-Bridgestone Invitational and US PGA Championship in consecutive appearances and did not finish outside the top 25 in any of his 17 PGA Tour events in 2014.
The 25-year-old had already claimed the Arnold Palmer Award as the tour's leading official money winner (£5.1million) and won the Byron Nelson Award for adjusted scoring average (68.83).
"It means a lot to win it for the second time in three years," McIlroy said. "Being voted player of the year by your peers is something that's very important.
"They are the guys you are trying to beat week in, week out and if they appreciate what you have done over the year, see the hard work that you've put in and the golf that you've played and think that's been the best of the season that means a lot to me.
"I would like to win a lot more in my career and even though the last year wasn't what I wanted, the last three or four years have been very, very good and it gives me even more motivation to go on and work harder and try to win more tournaments, more majors and be involved in more Ryder Cups like last week."
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