JLo and Marc Anthony negotiating divorce settlement

Melbourne: Jennifer Lopez and Marc Anthony are negotiating the terms of settlement for their divorce and are in no ‘rush’ to make their split official, according to reports.

The couple announced their separation in July after seven years of marriage but it could be ‘months’ before their union comes to an end in the eyes of the law.

“They have been working out terms of a settlement before they officially file for divorce,” the Daily Telegraph quoted a source as telling RadarOnline.com

“There is no rush to do so because both sides agree on the formal date of separation,” the source said.

Lopez and Anthony have many homes and businesses and are also minority owners of the Miami Dolphins football team.

“It’s complicated, and it could be at least several more months before final terms of the settlement are agreed upon,” the source said.