We might finally get Lil Wayne's Tha Carter V album. Here's why

That is because the singer has finally settled his two long-running lawsuits.

On May 23, Wayne’s attorney, Howard Kin,g filed that they want to dismiss the lawsuit against Universal Music, according to The Blast and confirmed by Pitchfork.

Universal allegedly settled for “well over $10 million,” and Wayne’s deal with Cash Money is done, The Blast reports.

Karen Civil, who has worked closely with Lil Wayne in the past, released an update on Twitter.

“A portion of the information released today is true, a settlement has been reached, but the dollar amount being disclosed is false,” Civil wrote. “Lil Wayne’s PR team will send out a statement shortly with accurate updates.”

The first lawsuit was aimed at Cash Money, Birdman, Ronald ‘Slim’ Williams, UMG Recordings, Inc., and Universal Music Group, Inc. for breach of contract.

In the second lawsuit, Wayne was reportedly looking for $40 million in damages from Universal Music Group, Inc. and SoundExchange, Inc., for profits he didn’t receive from Young Money artists Drake, Nicki Minaj, and Tyga.

In a 2012 interview with MTV News, Wayne revealed that he planned to retire after long-awaited album Tha Carter V.

“Because I know y’all want me around for a little bit, and Carter V is my last album,” Weezy revealed. “Man, I’ve been rappin’ since I was 8 years old. I’m 30 now, man. That’s a long time, man.”