Guy Ritchie and Madonna

The reported $76 million settlement in Madonna and Guy Ritchie's divorce is an "inaccurate" figure, the exes said in a statement Wednesday.

On Monday, the singer's rep, Liz Rosenberg, told The Associated Press her client was poised to give Ritchie between $76 million and $92 million, dubbing it "one of the largest payouts ever." However, the former couple now says the statement was "wrongly issued."

"We have tried to maintain a dignified silence regarding the details of our divorce for the last few months whilst accepting the obvious media interest," the two said. "A misleading and inaccurate statement, specifically in relation to the sums of money involved, was wrongly issued to AP this week. The financial details of the settlement will remain private, save to say that both of us are happy with our agreement. Our primary concern, like any co-parents, is the care and well being of our children."

Madonna and Ritchie have three children, Lourdes, 12, Madonna's daughter with Carlos Leon, Rocco, 8, and David, 3. Per Rosenberg on Monday, custody arrangements have not yet been finalized.

The two split in October after nearly eight years of marriage and were granted a "quickie divorce" by the High Court of London last month.