Mary-Kate Olsen and Olivier Sarkozy reach divorce settlement

Mary-Kate Olsen is getting a fresh start in 2021. ET has learned that the 34-year-old actress and 51-year-old French banker Olivier Sarkozy have settled their divorce.

While details of the former couple's settlement are sealed, a source tells ET that "the agreement was reached amicably" and that "everyone is looking forward to moving on."

Olsen filed for divorce in May after five years of marriage. By October, the Full House star was said to be "single and having fun," according to a source. 

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Mary-Kate Olsen and Olivier Sarkozy
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Mary-Kate Olsen and Olivier Sarkozy
NEW YORK, NY - OCTOBER 11: Olivier Sarkozy and Mary-Kate Olsen attend the 2017 Take Home A Nude Art Party and auction at Sotheby's on October 11, 2017 in New York City. (Photo by John Lamparski/WireImage)
NEW YORK, NY - OCTOBER 11: (L-R) Olivier Sarkozy and Mary-Kate Olsen attend 2017 Take Home A Nude Art party and auction at Sotheby's on October 11, 2017 in New York City. (Photo by Astrid Stawiarz/Getty Images)
NEW YORK, NY - APRIL 13: Co-chairs Ashley Olsen (L) and Mary-Kate Olsen, and Olivier Sarkozy attend the Youth America Grand Prix Stars of Today Meet the Stars of Tomorrow Gala at the David H. Koch Theater at Lincoln Center on April 13, 2017 in New York City.(Photo by Rebecca Smeyne/Getty Images)
NEW YORK, NY - NOVEMBER 20: Olivier Sarkozy and Mary-Kate Olsen attend the Indiana Pacers vs New York Knicks game at Madison Square Garden on November 20, 2013 in New York City. (Photo by James Devaney/WireImage)
NEW YORK, NY - NOVEMBER 09: Mary-Kate Olsen and Olivier Sarkozy attend the Dallas Mavericks vs New York Knicks game at Madison Square Garden on November 9, 2012 in New York City. (Photo by James Devaney/WireImage)
NEW YORK, NY - NOVEMBER 20: Olivier Sarkozy and Mary-Kate Olsen attend the Indiana Pacers vs New York Knicks game at Madison Square Garden on November 20, 2013 in New York City. (Photo by James Devaney/FilmMagic)
EAST HAMPTON, NY - AUGUST 24: Olivier Sarkozy and Mary Kate Olsen attend 4th Annual Apollo In The Hamptons Benefit on August 24, 2013 in East Hampton, New York. (Photo by Shahar Azran/WireImage)
NEW YORK, NY - NOVEMBER 09: Mary-Kate Olsen and Olivier Sarkozy attend the Dallas Mavericks vs New York Knicks game at Madison Square Garden on November 9, 2012 in New York City. (Photo by James Devaney/WireImage)
NEW YORK, NY - SEPTEMBER 1: Mary-Kate Olsen and her boyfriend Olivier Sarkozy, brother of former French President Nicolas Sarkozy attend Day 8 of the 2014 US Open at USTA Billie Jean King National Tennis Center on September 1, 2014 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Jean Catuffe/GC Images)
NEW YORK, NY - SEPTEMBER 01: Olivier Sarkozy and Mary-Kate Olsen attend day 8 of the 2014 US Open at USTA Billie Jean King National Tennis Center on September 1, 2014 in the Flushing neighborhood of the Queens borough of New York City. (Photo by Uri Schanker/GC Images)
NEW YORK, NY - SEPTEMBER 01: Olivier Sarkozy and Mary Kate Olsen attend day 8 of the 2014 US Open at USTA Billie Jean King National Tennis Center on September 1, 2014 in New York City. (Photo by Uri Schanker/GC Images)
NEW YORK, NY - OCTOBER 08: Mary-Kate Olsen, Olivier Sarkozy and David Kratz attend 2013 'Take Home A Nude' Benefit Art Auction And Party at Sotheby's on October 8, 2013 in New York City. (Photo by Monica Schipper/Getty Images)
NEW YORK, NY - NOVEMBER 09: Mary-Kate Olsen and Olivier Sarkozy attend the Dallas Mavericks vs New York Knicks game at Madison Square Garden on November 9, 2012 in New York City. (Photo by James Devaney/WireImage)
NEW YORK, NY - NOVEMBER 20: Olivier Sarkozy and Mary-Kate Olsen attend the Indiana Pacers vs New York Knicks game at Madison Square Garden on November 20, 2013 in New York City. (Photo by James Devaney/WireImage)
NEW YORK, NY - DECEMBER 14: Olivier Sarkozy and Mary-Kate Olsen attend the Atlanta Hawks vs New York Knicks game at Madison Square Garden on December 14, 2013 in New York City. (Photo by James Devaney/WireImage)
NEW YORK, NY - NOVEMBER 03: Olivier Sarkozy and Mary-Kate Olsen attend the Minnesota Timberwolves vs New York Knicks game at Madison Square Garden on November 3, 2013 in New York City. (Photo by James Devaney/WireImage)
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"She's not seriously with anyone, but she's dating," the source noted at the time. "She's doing great and seems happier than she's been in a long time."

In December, a source updated ET on how Olsen was doing amid divorce proceedings.

"She's got a lot going on so she's not fixating on the divorce proceedings," the source said, adding that she's been occupying herself with work, dating and spending quality time with her close friends and twin sister, Ashley Olsen. "She's not sentimental, she's ready to move on."

The source further noted that things were "civil" between the actress and her ex.

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