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Report: Tom Brady and Gisele Bündchen to file for divorce

Related Topics: Tom Brady, Gisele Bündchen

Tom Brady and Gisele Bündchen are reportedly filing for divorce.

According to People, the couple will file in the state of Florida on Friday, a day after Brady and the Tampa Bay Buccaneers fell to 3-5 with a loss to the Baltimore Ravens.

A source tells PEOPLE that they will both file in Florida on Friday morning.

"The settlement is all worked out," a source tells PEOPLE. "They've been working on the terms this whole time."

The source adds: "They agreed to joint custody of the kids.