Charlie Sheen Nearing Settlement on 'Two and a Half Men' Suit

Mon Sep 19, 2011 12:20pm EDT

The long, national nightmare that is Charlie Sheen's lawsuit against his former bosses is nearly over -- just in time for the premiere of the reconfigured "Two and a Half Men" and Sheen's Comedy Central Roast.

The ousted "Two and a Half Men" star is closing in on a settlement with Warner Bros. TV  over his firing earlier this year, an indiviual with knowledge of the negotiations confirms to TheWrap.

According to the Los Angeles Times, Sheen will receive about $25 million in the settlement; he had been asking for $100 million. The suit was sent to arbitration, against Sheen's wishes, earlier this year.

Also read: Sheen Tweets Picture With Kutcher at Emmys

The settlement comes at an ideal time for all parties, with CBS premiering the new, Sheen-free season of "Two and a Half Men" on Monday -- the same night that Sheen's Comedy Central roast airs.

Also read: Charlie Sheen at Emmys: 'Nothing But the Best' for 'Two and a Half Men'

Sheen seemed extremely ready to play nice with his former employers during his appearance on Sunday night's Emmy awards. Before presenting a trophy to "The Big Bang Theory" star Jim Parsons, Sheen noted that he wished "nothing but the best" for "Two and a Half Men" this season, and posed for a picture with his successor, former "That '70s Show" actor Ashton Kutcher.

Warner Bros. Television had no comment for TheWrap on this story. Attorneys for Sheen and Warner Bros. TV did not immediately respond to TheWrap's request for comment.

Related Articles:  Sheen Tweets Picture With Kutcher at Emmys Charlie Sheen at Emmys: 'Nothing But the Best' for 'Two and a Half Men' Charlie Sheen at Roast: 'You Can't Hurt Me. Even I Can't Hurt Me'