Will Billy Bush's NBC settlement reach $10 million mark? (Update)

Billy Bush may be out of a job, but is there a $10 million pot of gold at the end of the long, dark tunnel, as reports have claimed?

Bush's attorney, Marshall Grossman, tells TheWrap on Saturday that a settlement has not yet been agreed upon:

"There are news reports that a $10M settlement has been reached between Billy Bush and NBC. That report is false. There is no $10M agreement and that amount has not been discussed. Negotiations are ongoing between the parties."

Also Read: Billy Bush Hires Steven Spielberg's Lawyer in Battle Over NBC Ouster

Grossman told Page Six in a Friday interview, "Negotiations between Billy and NBC are progressing, and will continue to progress, and hopefully we will reach a conclusion in the near future. We were preparing for battle, but today we are preparing for settlement."

See photos of Billy Bush through the years:

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Billy Bush through the years
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Billy Bush through the years
NEW YORK, NY - AUGUST 22: NBC News' Billy Bush in conversation with Jeff Rossen for SiriusXM's TODAY Show Radio at SiriusXM Studios on August 22, 2016 in New York City. (Photo by Craig Barritt/Getty Images for SiriusXM)
NEW YORK, NY - SEPTEMBER 10: Billy Bush arrives for the women's final at Arthur Ashe Stadium on day 13 of the 2016 US Open at USTA Billie Jean King National Tennis Center on September 10, 2016 in the Queens borough of New York City. (Photo by Jean Catuffe/GC Images)
RIO DE JANEIRO, BRAZIL - AUGUST 08: Billy Bush & Olympic Legend Carl Lewis for Speed-Walking Race for Ages at Copacabana beach on August 8, 2016 in Rio de Janeiro, Brazil. (Photo by Joe Scarnici/Getty Images for Access Hollywood )
CULVER CITY, CA - MAY 21: TV personality/host Billy Bush attends the Kaleidoscope Ball at 3LABS on May 21, 2016 in Culver City, California. (Photo by Emma McIntyre/Getty Images)
NEW YORK, NY - FEBRUARY 10: Billy Bush visits 'The Elvis Duran Z100 Morning Show' at Z100 Studio on February 10, 2016 in New York City. (Photo by D Dipasupil/Getty Images)
NEW YORK, NY - FEBRUARY 11: Radio host Billy Bush (L) and actress Olivia Jordan attend The American Heart Association's Go Red For Women Red Dress Collection 2016 Presented By Macy's at The Arc, Skylight at Moynihan Station on February 11, 2016 in New York City. (Photo by Cindy Ord/Getty Images for AHA)
NEW YORK, NY - FEBRUARY 10: Billy Bush visits 'The Elvis Duran Z100 Morning Show' at Z100 Studio on February 10, 2016 in New York City. (Photo by D Dipasupil/Getty Images)
NEW YORK, NY - FEBRUARY 10: Billy Bush (L) and Bethany Watson at 'The Elvis Duran Z100 Morning Show' at Z100 Studio on February 10, 2016 in New York City. (Photo by D Dipasupil/Getty Images)
BEVERLY HILLS, CA - DECEMBER 09: Billy Bush arrives at the Make-A-Wish Greater Los Angeles Annual Wishing Well Winter Gala at the Beverly Wilshire Four Seasons Hotel on December 9, 2015 in Beverly Hills, California. (Photo by Joe Scarnici/WireImage)
BEVERLY HILLS, CA - DECEMBER 09: (L-R) TV personalities Billy Bush and Kit Hoover attend the Make-A-Wish Greater Los Angeles Annual Wishing Well Winter Gala at the Beverly Wilshire Four Seasons Hotel on December 9, 2015 in Beverly Hills, California. (Photo by Barry King/Getty Images)
BEVERLY HILLS, CA - DECEMBER 09: TV personality Billy Bush speaks onstage during Make-A-Wish Greater Los Angeles Honoring Oscar De La Hoya, Michael Rosenfeld And Tom Mone at its Annual Wishing Well Winter Gala at The Beverly Hilton Hotel on December 9, 2015 in Beverly Hills, California. (Photo by Jason Merritt/Getty Images for Make-A-Wish Greater Los Angeles)
YOUNTVILLE, CA - NOVEMBER 13: Billy Bush attends the Celebrity Tribute during the Napa Valley Film Festival 2015 at the Lincoln Theatre on November 13, 2015 in Yountville, California. (Photo by Tim Mosenfelder/Getty Images)
WEST HOLLYWOOD, CA - OCTOBER 29: Master of Ceremonies Billy Bush attends the imagine1day Visionary Leadership Dinner at The London West Hollywood on October 29, 2015 in West Hollywood, California. (Photo by Rachel Murray/Getty Images for imagine1day)
NEW YORK, NY - JUNE 11: TV host, Billy Bush attends 16th Annual Ubuntu Education Fund 1 Million to One: Changing The Odds Gala at Gotham Hall on June 11, 2015 in New York City. (Photo by John Lamparski/WireImage)
BEVERLY HILLS, CA - SEPTEMBER 09: Radio host Billy Bush attends the Farrah Fawcett Foundation 1st annual Tex-Mex Fiesta at Wallis Annenberg Center for the Performing Arts on September 9, 2015 in Beverly Hills, California. (Photo by Matthew Simmons/Getty Images)
NEW YORK, NY - JUNE 10: Television personalities Bethenny Frankel (L) and Billy Bush tape a segment at 'Access Hollywood' at the NBC Rockefeller Center Studios on June 10, 2015 in New York City. (Photo by Ray Tamarra/GC Images)
LAS VEGAS, NV - APRIL 23: TV personality Billy Bush attends The CinemaCon Big Screen Achievement Awards on April 23, 2015 in Las Vegas, Nevada. (Photo by C Flanigan/FilmMagic)
BURBANK, CA - MARCH 08: TV Host Billy Bush attends the advance screening of 'Cinderella' benefiting Los Angeles JDRF at Walt Disney Studios on March 8, 2015 in Burbank, California. (Photo by Paul Archuleta/FilmMagic)
NEW YORK, NY - NOVEMBER 17: (EXCLUSIVE COVERAGE/SPECIAL RATES APPLY) TV host Billy Bush visits 'The Elvis Duran Z100 Morning Show' at Z100 Studio on November 17, 2014 in New York City. (Photo by Ben Gabbe/Getty Images)
WATCH WHAT HAPPENS LIVE -- Pictured (l-r): Andy Cohen, Chloe Grace Moretz and Billy Bush -- (Photo by: Charles Sykes/Bravo/NBCU Photo Bank via Getty Images)
NEW YORK, NY - SEPTEMBER 23: EXCLUSIVE ACCESS/SPECIAL RATES APPLY - Billy Bush visits 'The Elvis Duran Z100 Morning Show' at Z100 Studio on September 23, 2014 in New York City. (Photo by Astrid Stawiarz/Getty Images)
WATCH WHAT HAPPENS LIVE -- Pictured: Billy Bush -- (Photo by: Charles Sykes/Bravo/NBCU Photo Bank via Getty Images)
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Page Six went on to say that the settlement "will involve a large lump payment said to be the full value of his three-year contract, valued at around $10 million."

Bush, who was officially on suspension from NBC's "Today" after a lewd 2005 videotape leaked of him interviewing Donald Trump, hired Grossman, a famed Los Angeles litigator known for handling celebrity problems as well as complex cases involving Apple Computer and other big corporate clients, according to a person close to the situation.

Also Read:Billy Bush Hires Crisis Communications Firm Goldin Solutions in Wake of Trump Video Scandal

Grossman has advised J.K. Rowling, Larry King and Clint Eastwood, among others, according to published reports.

Although NBC bosses knew about the tape for days before it was leaked on "Access Hollywood" on Oct. 7, they did not discipline Bush until headlines stirred outrage over his dialog with Trump.

Earlier this week, the longtime TV host and "Access Hollywood" alum hired Davidson Goldin, a crisis-communication expert, to help tell his story in the media.

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