Simon Cowell Baby Mama Lauren Silverman Settles Divorce

EXCLUSIVE
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The path is clear for Simon Cowell, because TMZ has learned his baby mama, Lauren Silverman just settled her divorce with Andrew Silverman.

Sources connected to the case tell TMZ ... the settlement occurred a few hours ago.  We're told Lauren and Andrew have agreed to some form of joint custody over their 7-year-old son.

As for money ... we're told Lauren got just north of $2 million.

And we're also told Lauren will definitely live in New York City so she can be close to her son. 

Sources say Lauren and Simon are still "very much together."

Andrew tells TMZ, “As I’ve said all along, my priority was resolving this quickly for the sake of our son.  Lauren and I both love him very much and I’m looking forward to starting a new chapter in our lives."