Lauren and Andrew Silverman finally reached an amicable divorce settlement in New York on Wednesday, according to an exclusive report by People magazine. The inside source also told the magazine that the divorce should officially come through in a few days.

This news seems to pave the way for Simon Cowell, who is expecting a child with Lauren. The 53-year-old X-Factor judge had an affair with close friend Andrew's wife. The 36-year-old Lauren conceived Cowell's child while still married to Andrew.

When the divorce proceedings began, an embittered Andrew was not too concerned  about airing the couple's dirty laundry in public. Andrew had also suggested that his top priority was protecting his 7-year-old son "while working to resolve all outstanding issues" with his wife.

Earlier this week, a source had told People magazine, that Cowell was "happy to be on vacation" - in the South of France - and wanted to keep away from all the divorce drama till things calmed down.

Meanwhile, U.K. broadcaster ITV is in negotiations with Cowell, pushing for his return for another season of Britain's Got Talent. Cowell's three-year contract with ITV and co-producer Fremantle Media expires at the end of this year.

Cowell had previously suggested that he would not be too keen on an extended run with the show, as he had already tak on too many commitments, like American Idol.