Daddy Yankee has reached a private agreement with his estranged wife, who he alleged in legal filings had made unauthorised withdrawals of $100 million (£80 million) in funds from two of his companies.

 Yankee, who shot to fame in 2004 with his monster hit Gasolina, told reporters he was "very calm" as he arrived at the courthouse in San Juan, Puerto Rico on 20th December. 

 "These things happen," said the Despacito rapper and singer, wearing a black suit, shirt and tie.

 Billboard magazine reports that the reggaeton icon - who announced in 2023 that he would be devoting his life to Christianity - reached a partial agreement "in good faith" with his estranged wife, Mireddys González, during a court hearing on Friday.

 After private negotiations, the artist, born Ramón Luis Ayala Rodríguez, and González have reportedly agreed that he will regain control of El Cartel Records and Los Cangris, becoming president of the companies on 26th December. 

Yankee and González were high school sweethearts who married in 1995. The pair, who share two children, confirmed earlier this month that they would be divorcing after 29 years of marriage. 

In a statement released after the trial, Daddy Yankee expressed his gratitude to God, noting that his faith has been instrumental in guiding him through this difficult process.

"Today more than ever, I trust that God has a perfect purpose in every situation we face. This agreement is a sign that, with faith and perseverance, everything is possible,’ the artist shared.

The singer also thanked his audience for their prayers and unconditional support. "I thank everyone who has kept my family in their prayers. This is an important step towards the restoration and order we so long for," he added.

Additional reporting by Kelly Valencia.